South-South Investment

Bolder cooperation and solidarity is key for developing countries to tackle the combined effects of the COVID-19 crisis, the war in Ukraine and the climate emergency.

By Dawei Wang, Economist, UNCTAD

China's economic rise is a model developing countries can adapt for local application, using shared policy lessons and experiences.

The ambitious Belt and Road Initiative seeks to pull over 120 countries connected to China into a unified market using investment and lessons from its own economic ascent.

A special event organized by UNCTAD marks International Day for South-South cooperation and the achievements of decades of work to promote trade between developing countries.

Investment by southern transnational corporations (TNCs) reached a record level and southern TNCs are acquiring developed country foreign affiliates in the developing world, says UNCTAD's latest Global Investment Trend Monitor.

UNCTAD Secretary-General Mukhisa Kituyi warned Sunday that the road to global investment recovery remains bumpy, with investors reluctant to expand their businesses in the face of widespread economic fragility and policy uncertainty. According to the UNCTAD World Investment Report, global foreign direct investment (FDI) in 2012 contracted by 18 per cent.

The WIR 2013 presents the latest trends in foreign direct investment (FDI) and contains in-depth analysis of policy developments, investment prospects, and key emerging issues related to investment -- including financial flows via offshore centres, and divestments.

Burgeoning foreign direct investment (FDI) into and out of Brazil, the Russian Federation, India, China, and South Africa -- collectively known as the BRICS - is mounting in global influence, the latest GITM reports, citing new figures.