FDI in Israel drops 64% in 2009
Annual report published by UN trade and development unit shows that foreign direct investment in Israel last year totaled $3.9 billion compared to $10 billion in 2008
The year 2009 saw a steep decrease in foreign direct investment (FDI) in Israel, with just $3.9 billion coming in versus $10 billion in 2008, a 64% drop, according to the annual report published by the United Nations Conference on Trade and Development (UNCTAD) on Sunday.
The extent of FDI worldwide stood at $1.11 trillion dollars in 2009, versus $1.77 trillion in 2008. The 64% drop in FDI in Israel is significantly higher than the world decrease of 37%.
Dr. Roni Manos and Yakov Yaron of the College of Management noted that the rates of worldwide FDI recovered somewhat during the first half of 2010 following two years of drastic decreases. They forecast that this trend will continue.
The two economists also noted that the global warming and greenhouse emissions are at the top of decision maker's agendas around the world, and, as such, FDI has great potential to become a significant factor in grappling with these challenges.
China is among the leading nations in long-term planning in this field. Notable investments in cleantech industries, an area in which Israel has a prominent competitive advantage, are expected.
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