The World Investment Report 2013: Global Value Chains – Investment and Trade for Development.
The Secretary General of UNCTAD Dr Supchai Panitchpakdi gave his assessment of the World Investment Report 2013 at a Roundtable that took place at ODI on 1st July. One of the key findings highlighted by Dr Supchai was that this year developing economies surpass developed economies as Foreign Direct Investment (FDI) recipients for the first time.
Further insights were also given by Dr Hafiz Mirza from UNCTAD and discussants were Eamon Cassidy (Deputy Director, joint DFID/BIS Trade Policy Unit) and Jodie Keane (Research Fellow, ODI). The event was chaired by DEGRP's Dr Dirk Willem te Velde.
The WIR13 presents the latest data and trends on foreign direct investment (FDI) and policy developments, providing key economic intelligence for policymakers and other investment stakeholders. This year's WIR focuses on global value chains (GVCs) and their role in development.
The Report's main findings for FDI trends
- Global FDI flows declined in 2012 to below the pre-economic crisis level, due mainly to macroeconomic fragility and policy uncertainty for investors.
- In 2012 – for the first time ever – developing economies absorbed more FDI than developed countries. In addition, they generated almost one third of global FDI outflows.
- The FDI recovery that started in 2010 and 2011 will now take longer than expected.
For further details visit the ODI website.