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| Thursday, 22 April 2010, 15:10 HKT/SGT | |
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NEW YORK, Apr 22, 2010 - (ACN Newswire) - Norwegian outward foreign direct investment (OFDI) has increased substantially since the turn of the millennium: the country's stock of US$ 30 billion in 2000 had grown to US$121 billion in 2008, i.e. a 300% increase. That represents a notable average annual growth rate of 19%. But the development of Norwegian OFDI has been rather uneven, with stable periods punctuated by boom years. 2008 ended at the same level as the preceding year, reflecting the cooling down of the world economy as a result of the international financial crisis and recession. The latest available data indicate that OFDI remained in a slump in 2009. As a country with liberal policies regarding companies' foreign activities, the composition of Norwegian OFDI largely follows the structure of Norway's private sector economy, with a striking dominance of the manufacturing, oil and gas and shipping sectors.
The full report, "Norwegian Outward FDI and its Policy Context", by Gabriel R.G. Benito, can be accessed at www.vcc.columbia.edu.
Columbia FDI Profile Series
This report is part of a series of Columbia FDI Profiles, a series of concise electronic publications on FDI data and policy developments, highlighting, in standardized format, current developments in FDI inflows and outflows at the country level and the policy context in which they take place.
FDI and Sustainable Development
Given that FDI consists of a package of tangible and intangible assets, all countries seek to attract it. The issue is not only to attract FDI, but also to increase its contribution to sustainable development. Both objectives require careful analysis of the impact of FDI and the policies that are relevant in this respect. Since national FDI policies increasingly take place within the parameters set by the international law and policy system, special attention needs to be given to issues raised in relation to this system.
About Vale Columbia Center on Sustainable International Investment
The Vale Columbia Center on Sustainable International Investment (VCC) seeks to be a leader on issues related to foreign direct investment (FDI) in the global economy, paying special attention to the sustainability dimension of this investment. It focuses on the analysis and teaching of the implications of FDI for public policy and international investment law. Its objectives are to analyze important topical policy-oriented issues related to FDI, develop and disseminate practical approaches and solutions, and provide students with a challenging learning environment.
The Vale Columbia Center, formerly the Columbia Program on International Investment (CPII), is a joint undertaking of Columbia Law School and The Earth Institute at Columbia University. It was established thanks to a grant by Vale, the world's second largest diversified mining company. For more information, please visit www.vcc.columbia.edu.
Contact: The Vale Columbia Center vcc@law.columbia.edu
Topic: Research / Industry Report
Sectors: Daily Finance
http://www.acnnewswire.com
From the Asia Corporate News Network
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