World Investment Report-2021 (UNCTAD) Flashcards
WHY IN NEWS?
According to the United Nations Conference on Trade and Development (UNCTAD), India jumped one position to 7th among the top recipients of foreign direct investment (FDI) in the last calendar year (2021) despite FDI inflows into the country declining.
In its latest World Investment Report, UNCTAD said FDI inflows into India declined to $45 billion in 2021 from $64 billion in the preceding year. Outward FDI from India rose 43 percent to $15.5 billion in 2021.
UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) is an intergovernmental organization within the United Nations Secretariat that promotes the interests of developing countries in world trade.
It was established in 1964 by the United Nations General Assembly (UNGA) and reports to that body and the United Nations Economic and Social Council (ECOSOC).
UNCTAD is composed of 195 member states and works with nongovernmental organizations worldwide
Its permanent secretariat is in Geneva, Switzerland.
UNCTAD conferences ordinarily take place every four years, with the first occurring in Geneva in 1964; fifteen subsequent meetings have taken place worldwide, with the most recent held in Bridgetown, Barbados from 3–8 October 2021 (albeit virtually, due to the COVID-19 pandemic).
Rebeca Grynspan is the secretary-general.
MAIN POINTS OF REPORT
1) Global flows of foreign direct investment recovered to pre-pandemic levels
last year, reaching $1.6 trillion.
2)However, almost three quarters of the global increase was due to the upswing in developed countries, where FDI reached $746 billion – more than double the 2020 level.
3)Global FDI flows in 2022 will likely move on a downward trajectory, at best remaining flat.
4)The profitability of the largest 5,000 MNEs doubled to more than 8 per cent of sales.
(A multinational enterprise, abbreviated as MNE and sometimes also called multinational corporation (MNC), just multinational or international corporation, is an enterprise producing goods or delivering services in more than one country).
MAIN POINTS OF REPORT
1) Global flows of foreign direct investment recovered to pre-pandemic levels
last year, reaching $1.6 trillion.
2)However, almost three quarters of the global increase was due to the upswing in developed countries, where FDI reached $746 billion – more than double the 2020 level.
3)Global FDI flows in 2022 will likely move on a downward trajectory, at best remaining flat.
4)The profitability of the largest 5,000 MNEs doubled to more than 8 per cent of sales.
(A multinational enterprise, abbreviated as MNE and sometimes also called multinational corporation (MNC), just multinational or international corporation, is an enterprise producing goods or delivering services in more than one country).
