Comparative analysis of national economies attractiveness factors for cross-border mergers and acquisitions

Introduction: with the increasing globalization of the world economy, cross-border mergers and acquisitions have begun to play an important role in the economic development of the world's regions. The article analyzes the key characteristics of national economies, which are crucial in deciding on mergers and acquisitions deals. Objectives: to make recommendations for increasing the proportion of mergers and acquisitions deals in the national economies of the BRICS countries. Methods: the study is based on the data analysis of value and volume of cross-border mergers and acquisitions in BRICS countries and developed countries, macroeconomic forecasts of key institutions (World Bank, IMF, etc.), as well as data on the quality of political institutions by consulting companies and non-governmental agencies. Results: key factors that determine the influx of investors for mergers and acquisitions are highlighted: the dynamics of economic growth, the development of political institutions, restrictions on the movement of capital, the development of the local financial market. A comparative analysis is carried out for developed and developing countries and recommendations are given for tackling the main issues. Conclusions: the article contains comprehensive recommendations for the development and implementation of policies to attract foreign investment in the form of cross-border mergers and acquisitions, as well as measures aimed at developing international economic integration.