Direct Investment Position for 2011 country and industry detail

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1、July201219DirectInvestmentPositionsfor2011CountryandIndustryDetailByKevinB.BarefootandMarilynIbarra-CatonN2011,theU.S.directinvestmentabroadhistorition,itwaslowerthanin2010.1In2011,whileIcal-costpositiongrew$364.6billion,to$4,155.6reinvestedearningsforbothoutwardandinwarddibillion,and

2、theforeigndirectinvestmentintheUnitedrectinvestmentsurpassedthelevelsbeforethe2008reStateshistorical-costpositiongrew$283.4billion,tocession,netequityinvestmentsremainedbelow$2,547.8billion(tableAandchart1).prerecessionlevels.TheincreasesinreinvestedearnThegrowthintheoutwarddirectinve

3、stmentposiingsforbothpositionsreflectedincreasesinearningstionreflectedreinvestedearnings,whichwereatthethatexceededincreasesindistributedearnings.highestlevelonrecord,highernetequityinvestments,ThisarticlepresentsdetailsonU.S.directinvestandanincreaseinforeignaffiliates’indebtednesst

4、omentpositionsvaluedathistoricalcostbytypeoffitheirU.S.parents.Thegrowthintheinwarddirectinnancialflow.2Italsopresentsdetailsforoutwardvestmentpositionreflectedreinvestedearnings,whichwereatthehighestlevelonrecord,andincreasesinnet1.Themeasureofdirectinvestmentfinancialflowsusedinthis

5、articlediffersfromthemeasureofdirectinvestmentfinancialflowsusedintheinterintercompanydebt;whilenetequityinvestmentconnationaltransactionsaccountsbecausethereinvestedearningscomponenttributedthemosttotheincreaseintheinwardposi-offinancialflowsincludedhereexcludesacurrent-costadjustmen

6、t.Inthisarticle,“financialflows”isshorthandfor“financialflowswithoutcurrent-costadjustment”and“reinvestedearnings”isshorthandfor“reinvestedearningswithoutcurrent-costadjustment.”TableA.DirectInvestmentPositions2.Thestatisticspresentedinthisarticleareonahistorical-costbasisonaHistorica

7、l-CostBasis,1982–2011becausethatistheonlybasisforwhichdetailedstatisticsbycountryandPercentchangeindustryareavailable(seethebox“AlternativeMeasuresoftheDirectBillionsofdollarsfromprecedingyearInvestmentPositions”).Onahistorical-costbasis,positionsgenerallyYearendreflectpricesatthetime

8、ofthe