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Dear Members of the World Investment Network, It is my pleasure to share with you a new UNCTAD product: Investment Country Profiles. Without proper information and data on foreign direct investment (FDI) it is difficult for countries to formulate sound investment policies conducive to sustainable development, or to analyze countries' participation in global and regional economies. Investment Country Profiles present several indicators at the country level: inward and outward FDI flows and stocks, the activities of transnational corporations (TNCs) and their foreign affiliates, and basic information on the largest TNCs both in and from the profile countries. Let me present some highlights from the first six Investment Country Profiles of Switzerland, Estonia, Finland, Lithuania, Czech Republic and Latvia. Switzerland is a significant host country for FDI but also a major outward investor with an outward stock in 2010 of more than $900 billion, making it the fourth largest European source country of FDI, after the United Kingdom, France and Germany. Its TNCs currently employ 2.6 million people abroad. The stock of inward and outward FDI in Finland has consistently grown in importance for the economy, from 4 per cent of GDP in 1990 to 35 per cent of GDP in 2010. Despite the small size of its national economy, the inward FDI stock of Estonia is sizeable ($16 billion). This is mainly due to major market reforms, investment liberalization, and a privatization process open to foreign investors. With an outward FDI stock of $5.8 billion, Estonia had the second highest outward stock per capita (after Cyprus) among all new EU member countries in 2010. With an open economy and an investor-friendly tax system, Latvia has attracted a large amount of inward FDI relative to the size of its economy. At the end of 2010, its inward FDI stock reached $10.8 billion, equivalent to about 45 per cent of the gross domestic product. Lithuania has attracted relatively modest foreign investment, despite its membership of the EU. At the end of 2010, its inward FDI stock totaled $13.4 billion. Like Latvia, but unlike Estonia, the outward FDI stock was comparatively small at $2.1 billion. The Czech Republic continues to be a magnet for FDI in the enlarged EU. In 2010, its inward FDI stock reached $130 billion - an amount equivalent to two thirds of its GDP. Investment Country Profiles, which we will publish regularly, are aimed at policymakers, researchers, intergovernmental and non-governmental organizations and decision makers in the private sector, who need up-to-date information on the patterns and trends of FDI and TNC activity at the country level. The next Investment Country Profiles will include Argentina, Turkey, Italy, Greece, France, Ukraine, Tunisia and South Africa. Best regards, James X. Zhan Director Investment & Enterprise Division United Nations Conference on Trade & Development Palais des Nations, Geneva Tel: +41 22 9175797 www.unctad.org/diae __ WIR ____ AIB-L is brought to you by the Academy of International Business. For information: http://aib.msu.edu/community/aib-l.asp To post message: [log in to unmask] For assistance: [log in to unmask] AIB-L is a moderated list.