World Investment Report 2005, Transnational Corporations and the Internationalization of R&D  (English, Paperback, unknown)

This annual report examines changing trends in foreign direct investment (FDI) flows worldwide, at the regional and country levels and emerging measures to improve its contribution to development. The 2005 edition focuses on the internationalisation of research and development by transnational corporations and its policy implications for innovation, economic growth and development. Findings for the year 2004 show that, after three years of decline in global investment flows, there was a rise of two per cent overall compared to the previous year. This growth was led by the increase in FDI flows to developing countries of 40 per cent, whilst developed countries experienced a 14 per cent drop in their inward FDI. As a result, the share of developing countries in world FDI inflows reached 36 per cent, the highest level since 1997.