More foreign investment is going to developing countries
A new trend is shaping up on the global investment front. In previous years, developed countries were receiving the majority of foreign business investment. Now that's shifting with developing countries attracting more foreign direct investment than developed countries last year -- the first time that's happened since the records have been kept -- and again through the first half of this year.
According to a new report from the United Nations, the first half of 2013 saw developing and transitional economies gain a record share of global FDI, 60 percent.
Still, total FDI was only around $1.3 trillion last year, down from the peak of $2 trillion in 2007. Growth is expected to be minimal this year.
Other than developing economies the other obvious winner in this report is the United Kingdom which surpassed the United States and China for the top spot to become the largest recipient of foreign direct investment, so far in 2013, with $74.9 billion in FDI. Here's the top 10:
Photo: Flickr/Wirawat Lian-udom
This post was originally published on Smartplanet.com