No.690 How Does BREXIT Affect Production Patterns of Multinational Enterprises?
This paper explores how the British exit (Brexit) from the European Union (EU) potentially affects the United Kingdom (UK) economy and the production patterns of multinational enterprises that choose the UK as either a destination market or a gateway to the EU market. Utilizing an extended version of the knowledge-capital model, simulation analysis reveals the following points: (1) Brexit will encourage firms in both the EU and the UK to change strategies to incorporate more horizontal-type affiliates so that Brexit will not reduce inward foreign direct investment (FDI) to the UK as long as the UK is attractive as a final market; and (2) In contrast, export-platforms serving the EU market owned by firms in non-EU countries will completely withdraw by the time Brexit is completed. To cover losses from the reduction in the number of export-platforms, efforts to enhance the attractiveness of the UK as a destination market would be a solution in the short-run, while seeking new economic partnership programs with both EU and non-EU countries will work in the long-run.
Cambodia's Development Strategy: Connecting Neighbors
Cambodia is a small country lying between two big neighbors, Thailand and Vietnam. During the era of isolation, it was completely closed, and the history of conflict and war among neighbors was outdated and finished. Cambodia has to implement a development strategy with peaceful development to integrate her economy into the region and the world with connectivity for the infrastructure, institutions, people, and others. This paper explores Cambodia’s development strategy with the focus on connectivity with her neighbors. With a clear-sighted and long-term development plan for regional connectivity, Cambodia will gain social, economic, and political benefits from its own efforts and regional development, at least from the spillover effects.
The US-China Trade War and Prospects for ASEAN Economies
As the Biden administration enters its second year, frictions between the US and China show no sign of abating and may even deteriorate further. Prospects for restoration of pre-trade war economic relations between the world’s two largest economies remain dim. Other Asia-Pacific economies are involuntarily affected by the policies of their largest trading partners. This note provides context by summarizing relevant aspects of the US-China conflict, and explores short and long run implications for trading partners with particular focus on spillovers to ASEAN economies.
New cooperative policy: States suggest FDI, age limit for board members
According to the Ministry, there are about 8.54 lakh cooperative societies. They include 95,000 PACS, which are societies at the village level, both credit and non-credit. Currently, only 63,000 PACs are operational.
فریال مستوفی، رئیس مرکز خدمات سرمایهگذاری اتاق بازرگانی تهران، از راهاندازی اتاق فکر ابتکار کمربند-جاده برای بررسی و همفکری مشارکت فعالانه بخش خصوصی کشور در این ابرپروژه و جذب سرمایهگذاری خبر داد و از همه علاقهمندان دعوت کرد در این اتاق فکر حضور پیدا کنند.
The Belt and Road Summit is a premier international platform for promoting business collaboration along the Belt and Road. The Summit gathers senior government officials and business leaders from countries and regions along and beyond the Belt and Road to exchange insights and experiences on multilateral co-operation and explore business opportunities and potential threats for Iran and Iranian enterprises.
The Botswana Investment and Trade Centre (BITC) is targeting P180 million in Foreign Direct Investment (FDI) into the country over the next five years from its investment promotion activities at the upcoming Dubai 2020 Expo.
Declining foreign direct investment can’t contribute much to sustainable development
s multinational corporations are perceived as having ever-growing reach and sophisticated international value chains crisscross the planet, governments and civil society are demanding that international business do more to advance sustainable development and to tackle climate change.
China, India drive Asia to defy COVID-19-induced investment slump
The region was an exception in a year that saw foreign investments crash to greater depths than after the 2009 global financial crisis. The steep fall could have painful implications for Africa's industrialization bid.
Pandemic thwarts efforts to end currency black markets, study says
The financial hit of the COVID-19 pandemic has slowed efforts by central banks in a range of countries to unify parallel exchange rates, leaving states such as Lebanon and Iran with currency black markets that cause more economic damage, a study found.
Global FDI hit 15-year low in 2020, China overtook U.S.: OECD
Global foreign direct investment flows ebbed to a 15-year low last year and China, one of the few major economies to eke out growth, overtook the United States as the top destination, OECD data showed on Friday. As the coronavirus wreaked havoc on the global economy, global FDI flows dropped 38% in 2020 to $846 billion, the lowest level since 2005, according to the Paris-based Organisation for Economic Cooperation and Development.
Amid the golden passports scandal and the economic crisis of the COVID-19 pandemic, Cyprus is searching for new ways to attract Foreign Direct Investments (FDIs). The country's GDP is expected to shrink by about 5.5% this year, while tourism, the Cypriot economy’s most critical sector, has suffered a year-to-year decrease of about 80% in visitors and revenues. Once again, after the financial crisis of 2013, the government is looking for new ways to attract investors and fresh capital to the Medi
China Passes U.S. As No. 1 Destination For Foreign Investment As Coronavirus Upends Global Economy
As the world struggled to contain the coronavirus crisis, foreign direct investment in the United States plummeted 49% in 2020 while investment in China rose 4%, making China the largest recipient of foreign inflows for the first time, according to a report released Sunday by the United Nations Conference on Trade and Development.
Microsoft to invest B31 bn in Malaysia to set up data centres
Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the neighbouring nation's prime minister said on Monday.
Foreign Direct Investment (FDI) has been a valuable financing mechanism for developing countries throughout Africa, particularly with regards to capital intensive projects such as Liquified Natural Gas (LNG) and cross-border pipeline developments. In addition to the supplementation of domestic investment, FDI has been a means for economy wide efficiency gains such as technology transfer, management knowledge and the increase in employment opportunities. With FDI proving a major catalyst for ener
How to avoid your FDI project turning into a nightmare
“We need to go to China, everyone else is doing this and if we don’t move fast we’ll be left behind and our competitors will reap the profits and market share.” This has been heard myriad times in many boardrooms. Or for another variation, there is this plea to consultants: “Provide us with a justification to go to China, India or any other emerging market so we can keep our board and shareholders happy and our costs in control.”
The government on Thursday said that FDI equity inflows rose 40% year-on-year in the April-December of FY21 at $51.47 billion compared to $36.77 billion in the year ago period. Read more at: https://economictimes.indiatimes.com/news/economy/foreign-trade/singapore-top-source-of-fdi-in-apr-dec-into-india/articleshow/81350797.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Foreign investments in Egypt’s public oil sector reach $2.2bn
A government source has estimated that the total expected foreign investment in Egypt’s oil and natural gas sector during the current fiscal year at $2.21 billion, 57.6 percent of the total $3.84 billion expected investment in the sector.
Malaysia says FDI inflows dropped 56% in 2020 to $3.4 bln
Malaysia’s foreign direct investment fell 56% to $3.4 billion in 2020, a government report said on Tuesday, as the COVID-19 pandemic hit economic activity globally and in the trade-reliant Southeast Asian nation.
Major oil industry projects worth over €5.6b inaugurated
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh inaugurated three major oil industry projects worth €5.569 billion in Ilam and Boushehr provinces during a virtual ceremony on Monday, Shana reported.
An investment agreement signed by China and the EU in the last days of 2020 has been hailed by both sides as a significant breakthrough, but observers are concerned about its possibility to ensure a more reciprocal EU–China economic relationship.
Turkey attracts $8B in foreign direct investment in 2020
The value of the foreign direct investment (FDI) made in Turkey reached nearly $8 billion (TL 55.75 billion) in 2020 when the world faced an economic fallout from the coronavirus pandemic, according to the head of Turkey's Investment Office.
11-month net foreign direct investment inflows down 10.8%
Long-term investments continued to come into the country at lower numbers as of the first 11 months of last year as the economic uncertainty caused by coronavirus pandemic dampened businesses’ expansion plans, data from the central bank showed.
Trump administration to mull expansion of China investment ban -sources
Trump administration officials are expected to discuss a proposed expansion of an executive order banning U.S. investment in alleged Chinese military companies at a Thursday afternoon meeting, according to two people familiar with the matter.
Exclusive: India plans foreign investment rule changes that could hit Amazon
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers.
Indonesia president says new sovereign fund targeting $20 billion within a few months
Indonesia’s soon-to-be launched sovereign wealth fund (SWF) is targeting $20 billion in investment in the next few months, President Joko Widodo said, a larger sum than previously announced after positive responses from several firms.