In the last 30 years, emerging economies have shifted towards less restrictive outward foreign direct investment policies. China is a remarkable example of the dramatic shift that occurred—from outright restriction to enthusiastic promotion of investments abroad. The Chinese government’s “Go Global” strategy set in motion a marked increase in outward investment by Chinese multinationals over the past 15 years. This strategy led to several specific measures and incentives aimed at facilitating investments abroad and promoting Chinese multinationals’ competitiveness abroad. This note examines investment policies of three emerging market countries, comparing the policies of the powerhouse that is China with those of Brazil, the largest investor from Latin America, and Korea, the second biggest investor from Asia.