Asia has become, for the first time, the world’s largest investor region with 440 billion U.S. dollars invested in 2014, followed by North America (390 billion U.S. dollars) and Europe (286 billion U.S. dollars), according to a report released Monday by the United Nations Conference on Trade and Development (UNCTAD).
The global investment trend monitor published by the UNCTAD showed among 20 largest investors, nine were either from developing or transition economies, while China became the third largest investor in the world.
The report said in 2014, transnational corporations (TNCs) from developing economies alone invested almost half a trillion U.S. dollars abroad — a 30 percent increase from the previous year. Their share in global foreign direct investment (FDI) reached a record of 36 percent, up from 12 percent in 2007, the year prior to the financial crisis.
Contributed By Sonia Narula