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High Levels of FDI Inflows...
Almost a year to the day, the world watched as the crash in the housing market evolved into a global financial crisis of unprecedented magnitude.In the twelve months that followed, the rapidly evolving crisis in the global financial market severely impacted businesses and economies around the world. These events, now being called the worst in the past sixty years have led to a plunge in global demand in all economic sectors and hampered firms’ plans to invest in overseas markets.
Every economy, albeit to varying degrees, rely on Foreign Direct Investment (FDI) to meet its development objectives. This is due to the potential of FDI, if managed correctly, to create employment and generate income in the domestic economy of host countries. The year 2007
recorded the highest levels of FDI inflows for the period 1980 to 2008 at 1.79 trillion US dollars. The services sector led the way accounting for 64% of global FDI stock. The manufacturing sector followed with 28% of global FDI stock followed by the primary sector at 6%...
Hon. Rufus J. Bousquet
Minister for External Affairs,
International Trade & Investment
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