Monday, 31 January 2011
Foreign direct investment.
According to the UN Conference on Trade and Development (UNCTAD), global inflows of foreign direct investment (FDI) in 2010 totalled $1.12 trillion, a shade more than the $1.11 trillion recorded during 2009. Last year was the first, UNCTAD reckons, in which rich countries received less than half of global FDI. More than $100 billion of FDI poured into China, making it the world’s second-largest recipient of such investment. Net flows into India contracted by nearly a third, to $23.7 billion. America remained the world’s biggest destination for FDI, attracting $186 billion in 2010, 43% more than a year earlier. Flows of FDI to rich countries as a group fell by nearly 7%, whereas those to the rest rose by almost 10%.