In an earlier post, we highlighted a feature of the global pattern of investment in recent times: that since 2000, developing countries have gradually increased their share of global investment, moving from around 20 percent through much of the second half of the last century, to around 46 percent by 2010. The rapidity of this rise notwithstanding, the natural question is whether this trend will continue into the future.
Financial Markets…The dollar bounced back from a 4-week low versus the yen as weak US economic data eased concerns about earlier-than-expected ending of the Federal Reserve’s stimulus program. News that Japan would appeal public pension funds to raise investments in stocks and overseas assets also hurt Japans’ currency. The dollar appreciated 0.5% to 100.10 yen after sliding to 98.86 yesterday, the lowest level since May 9, while the greenback gained 0.1% to $1.3086 euro.