Developing nations on top for first time in 2012 FDI index: UN

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Developing countries overtook their wealthier counterparts in attracting foreign direct investment. (Reuters) Developing countries overtook their wealthier counterparts in attracting foreign direct investment. (Reuters)
SummaryDeveloping countries overtook their wealthier counterparts in attracting foreign direct investment.

South America and Africa meanwhile registered positive growth in FDI flows last year.

Last year's overall drop in investments came despite the fact that the global economy grew 2.3 per cent in 2012, while worldwide trade was up 3.2 per cent.

Going forward, UNCTAD expects FDI flows to rise to just USD 1.4 trillion this year and to USD 1.6 trillion in 2014 – still far below the 2007 pre-crisis level of some USD 2.0 trillion in investments.

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