CNUCED (Genève, Suisse). (2024). Investment facilitation and digital government: World invesment report 2024. New York (États-Unis) : ONU. 164 p. (World Investment Report).
https://unctad.org/publication/world-investment-report-2024
https://unctad.org/publication/world-investment-report-2024
Titre : | Investment facilitation and digital government: World invesment report 2024 |
in : | |
Auteurs : | CNUCED (Genève, Suisse) |
Type de document : | Série |
Editeur : | New York [États-Unis] : ONU, 2024 |
Collection : | World Investment Report |
Format : | 164 p. |
Langues : | Anglais |
Langues du résumé : | Anglais |
Catégories : |
Catégories principales 03 - POLITIQUE ET THEORIE ECONOMIQUE ; 3.6 - Finances. Investissements. Mouvements de CapitauxThésaurus IAMM INVESTISSEMENT DIRECT ETRANGER ; INVESTISSEMENT DIRECT ; INFRASTRUCTURE ; ENTREPRISE MULTINATIONALE ; INVESTISSEMENT ETRANGER ; INVESTISSEMENT ; COMMERCE INTERNATIONAL ; PAYS DEVELOPPE ; PAYS EN DEVELOPPEMENT ; DONNEE STATISTIQUE ; INDUSTRIE ; MONDE ; INVESTISSEMENT INTERNATIONAL |
Résumé : |
Global foreign direct investment (FDI) in 2023 decreased marginally, by 2 per cent, to $1.3 trillion. This headline figure was affected by wild swings in financial flows through a small number of European conduit economies; excluding the effect of these conduits, global FDI flows were more than 10 per cent lower than in 2022.
The global environment for international investment remains challenging in 2024. Weakening growth prospects, economic fracturing trends, trade and geopolitical tensions, industrial policies and supply chain diversification are reshaping FDI patterns, causing some multinational enterprises (MNEs) to adopt a cautious approach to overseas expansion. However, MNE profit levels remain high, financing conditions are easing and increased greenfield project announcements in 2023 will positively affect FDI. Modest growth for the full year appears possible. International project finance and cross-border mergers and acquisitions (M&As) were especially weak in 2023. M&As, which mostly affect FDI in developed countries, fell by 46 per cent in value. Project finance, important for infrastructure investment, was down 26 per cent. Tighter financing conditions, investor uncertainty, volatility in financial markets and for M&As tighter regulatory scrutiny were the principal causes of the decline. Greenfield investment project announcements provided a bright spot. Project numbers increased by 2 per cent, with the growth concentrated in manufacturing, interrupting a decade-long trend of gradual decline in the sector. Furthermore, growth was concentrated in developing countries, where the number of projects was up by 15 per cent. In developed countries new project announcements were down 6 per cent. In developed countries, the 2023 trend was strongly affected by MNE financial transactions, partly caused by moves to implement a minimum tax on the largest MNEs. FDI flows in Europe jumped from negative $106 billion in 2022 to positive $16 billion because of volatility in conduit economies. Inflows to the rest of Europe were down 14 per cent. Inflows in other developed countries also stagnated, with a 5 per cent decline in North America and sizeable falls elsewhere. FDI flows to developing countries fell by 7 per cent to $867 billion, mainly due to an 8 per cent decrease in developing Asia. Flows fell by 3 per cent in Africa and by 1 per cent in Latin America and the Caribbean. The number of international project finance deals fell by a quarter. Greenfield project announcements in developing countries increased by more than 1,000, but these projects were highly concentrated; South-East Asia accounted for almost half, West Asia for a quarter and Africa registered a small increase, while Latin America and the Caribbean attracted fewer projects. |
Note de contenu : |
Chapter I - International investment trends
Chapter II - Investment policy trends Chapter III - Sustainable finance trends Chapter IV - Investment facilitation and digital government |
Cote : | En ligne |
URL / DOI : | https://unctad.org/publication/world-investment-report-2024 |