Political Risk Latin America Blog @PolRiskLatam

Attracting investment: India and Brazil forecast to push the US down to fourth

Posted in News and Articles, Political Risk by politicalrisklatam on September 7, 2010

by Henry Mance for Financial Times, September 7th, 2010.

If receiving foreign direct investment were an Olympic discipline, the US’s days on the podium would be numbered. By 2012, India and Brazil will have leapfrogged the US as FDI destinations, according to a survey of global businesses published late on Monday.

Indeed, the World Investment Prospects Survey 2010-2012 – from the UN Commission on Trade and Development – is a vindication of Goldman Sachs’ Bric paradigm: all four emerging giants are in the top five FDI destinations. But the newer concept of CIVETS receives less support.

The CIVETS – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – are HSBC’s bet for the next big things. However, only three make the respondents’ top 20, with Vietnam the best performer at number 8.

Perhaps the biggest surprise on the list is Mexico, which has risen from twelfth to sixth, despite negative headlines over its drugs war. Meanwhile Thailand, whose currency and stocks are surging, enters the list at number 11. (continue reading… )

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