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USA Needs to Do More to Attract Foreign Direct Investment

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USA Needs to Do More to Attract Foreign Direct Investment

The USA attracts FDI equivalent to 6.6% of GDP, compared to a 17% global average.

The USA is lagging behind most major economies in terms of its ability to attract foreign direct investment, according to a new study by UHY, the international accountancy network.

Over the five years since the global credit crunch, the USA has attracted FDI equivalent to just 6.6% of its GDP (USD$1.043trillion in total).  On average, countries around the world have attracted FDI worth 17% of their GDP in the five years since the credit crunch.  

The study looked at net FDI inflow over the last five years in 33 major economies around the world, measuring how successful they have been in attracting FDI compared to their GDP. 

The USA also lagged behind neighboring Canada, which attracted foreign direct investment equivalent to 11% of its GDP (a total of US$200billion). 

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Winning foreign direct investment provides an important boost to national economies, creating new jobs and tax revenues in the short term, and in the longer term improving productivity by helping to fund capital investment and making domestic companies more competitive.

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