By Jaya Ramachandran
GENEVA (IDN) – Almost half of global investment stock is either located in the United States or owned by American multinationals abroad. The United States 'Tax Cuts and Jobs Act', adopted in December 2017, will therefore significantly affect both investment into the U.S. and the investment positions of U.S. firms abroad, according to a special issue of the UNCTAD Global Investment Trends Monitor.
"The impact on investment in the developing world remains to be seen. However, developing countries need real investments in productive assets, not cash parked overseas," said UNCTAD Secretary-General Mukhisa Kituyi.