Monday, September 08, 2003
World Investment Report
UNCTAD had released its World Investment Report last week. Key findings include a positive FDI outlook for 2004, despite the slump this year and the emergence of China as the foremost destination of FDI.
Inflows into the United States fell by nearly 80 percent to 30 billion dollars from 144 billion dollars in 2001, pushing the United States down to fifth position in attracting investment. Flows into Britain fell by 60 percent to 25 billion dollars from 62 billion dollars. The top destination was Luxembourg, which attracted 126 billion dollars much of which was money being put through the tiny country to gain tax advantages. It was followed by China, which attracted 53 billion dollars marking an increase of 13 percent, France with 52 billion dollars showing a fall of 6.6 percent, Germany 38 billion dollars, up 12 percent, then the United States, followed by The Netherlands with 29 billion dollars, a fall of 43 percent, and then Britain.
India came in at No:28 with just about $4 billion in FDI. These numbers don't seem to take into account the revised numbers issues by the Govt of India. For that matter, I am not sure the Chinese numbers reflect the "round-tripping" of FDI to the mainland. The full report can be found at the UNCTAD website.
Inflows into the United States fell by nearly 80 percent to 30 billion dollars from 144 billion dollars in 2001, pushing the United States down to fifth position in attracting investment. Flows into Britain fell by 60 percent to 25 billion dollars from 62 billion dollars. The top destination was Luxembourg, which attracted 126 billion dollars much of which was money being put through the tiny country to gain tax advantages. It was followed by China, which attracted 53 billion dollars marking an increase of 13 percent, France with 52 billion dollars showing a fall of 6.6 percent, Germany 38 billion dollars, up 12 percent, then the United States, followed by The Netherlands with 29 billion dollars, a fall of 43 percent, and then Britain.
India came in at No:28 with just about $4 billion in FDI. These numbers don't seem to take into account the revised numbers issues by the Govt of India. For that matter, I am not sure the Chinese numbers reflect the "round-tripping" of FDI to the mainland. The full report can be found at the UNCTAD website.
