2013 Reports
Toward a Multilateral Framework for Investment
Business needs a stable and predictable investment environment, especially in times of economic uncertainty, to continue to generate employment and create wealth. Although foreign direct investment (FDI) flows rose for two years after plummeting in the wake of the global financial crisis, they fell again by 18% to US$ 1.4 trillion in 2012. According to UNCTAD, the major factors contributing to this sharp decline were economic fragility and policy uncertainty in several economies. Moreover, investment regulations classified as "restrictive" rose to 25% in 2012, compared to just 6% in 2000; "liberalizing" regulations were 75% of the total in 2012, compared to 94% in 2000. The result of these regulations is, therefore, not surprising: businesses are holding back on new investments, with multinational enterprises reporting record cash-holdings of between US$ 4 to 5 trillion.
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No_103_-_Graugnard_-_FINAL_0.pdf application/pdf 78 KB Download File
More About This Work
- Academic Units
- Vale Columbia Center on Sustainable International Investment
- Publisher
- Vale Columbia Center on Sustainable International Investment
- Series
- Columbia FDI Perspectives, 103
- Published Here
- September 25, 2013
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