Conceptual approaches and practice of developing market countries in establishing the legal regime for foreign investment

The analysis of cross-border capital flows in emerging market countries from the standpoint of a modern view on innovation allows us to determine the development paths of the Russian economy, as well as to form an understanding of the possible future of foreign direct investment in the Russian Federation. A study of the current investment legislation of Brazil and China was conducted. The main circumstances contributing to the increase in the volume of foreign direct investment were identified using the example of Brazil and China, which include the establishment of a national legal regime for foreign investors, the stability of legislation in general and regulating foreign investment in particular, the political situation in the country, guarantees of property rights of foreign investors, tax, financial and other benefits, the presence of an efficient judicial system for considering investment disputes and the absence of corruption.