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Unctad's World Investment Report 2004: The Shift Towards Services

Unctad's World Investment Report 2004: The Shift Towards Services UNCTAD’S WORLD INVESTMENT REPORT 2004 The Shift Towards Services AN OVERVIEW Still declining in 2003, FDI flows show signs of recovery,… LOBAL inflows of foreign direct investment (FDI) declined in 2003 Gfor the third year in a row, to $560 billion. This was prompted again by a fall in FDI flows to developed countries: at $367 billion, they were 25 per cent lower than in 2002. Worldwide, 111 countries saw a rise in flows, and 82 a decline. The fall in flows to the United States by 53 per cent, to $30 billion – the lowest level in the past 12 years – was particularly dramatic. FDI flows to Central and Eastern Europe (CEE) also slumped, from $31 billion to $21 billion. It was only developing countries as a group that experienced a recovery, with FDI inflows rising by 9 per cent, to $172 billion overall. But in this group, the picture was mixed: Africa and Asia and the Pacific saw an increase, while Latin America and the Caribbean experienced a continuing decline. The group of 50 least developed countries (LDCs) continued to receive little FDI ($7 billion). Prospects for 2004, however, are promising. Cross-border mergers and acquisitions (M&As) http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Foreign Trade Review SAGE

Unctad's World Investment Report 2004: The Shift Towards Services

Foreign Trade Review , Volume 40 (1): 26 – Apr 1, 2005

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Publisher
SAGE
Copyright
© 2005 SAGE Publications
ISSN
0015-7325
eISSN
0971-7625
DOI
10.1177/0015732515050105
Publisher site
See Article on Publisher Site

Abstract

UNCTAD’S WORLD INVESTMENT REPORT 2004 The Shift Towards Services AN OVERVIEW Still declining in 2003, FDI flows show signs of recovery,… LOBAL inflows of foreign direct investment (FDI) declined in 2003 Gfor the third year in a row, to $560 billion. This was prompted again by a fall in FDI flows to developed countries: at $367 billion, they were 25 per cent lower than in 2002. Worldwide, 111 countries saw a rise in flows, and 82 a decline. The fall in flows to the United States by 53 per cent, to $30 billion – the lowest level in the past 12 years – was particularly dramatic. FDI flows to Central and Eastern Europe (CEE) also slumped, from $31 billion to $21 billion. It was only developing countries as a group that experienced a recovery, with FDI inflows rising by 9 per cent, to $172 billion overall. But in this group, the picture was mixed: Africa and Asia and the Pacific saw an increase, while Latin America and the Caribbean experienced a continuing decline. The group of 50 least developed countries (LDCs) continued to receive little FDI ($7 billion). Prospects for 2004, however, are promising. Cross-border mergers and acquisitions (M&As)

Journal

Foreign Trade ReviewSAGE

Published: Apr 1, 2005

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