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UNCTAD hails increase in developing countries foreign direct investments

Pointing to China’s Hong Kong – which now has a larger outward foreign direct investment (FDI) position than Sweden – as an example of the phenomenon, UNCTAD said: “Its transnational corporations – along with those from Singapore, the Republic of Korea, Mexico and, more recently, South Africa – figure prominently among the developing world’s TNCs.”Ranking FDI by developing continents, UNCTAD said Asia, led by the south, east and southeast, was by far the largest outward investor in the developing world, followed by Latin America.UNCTAD said overall, it was predicting that the share of developing countries in outward FDI could be expected to rise as developing-country businesses become more competitive and their governments allow or even encourage outward FDI, thereby strengthening the “emerging new geography of investment.” read more