Professor Karl P. Sauvant, Executive Director of
The Vale Columbia Center on Sustainable International Investment
COLUMBIA FDI PERSPECTIVES: THE FDI RECESSION HAS BEGUN
Press contact: Erin St. John Kelly [email protected]
212-854-1787/Cell: 646-646-284-8549/Public Affairs Office: 212-854-1787
November 26, 2008 (NEW YORK) – With $1.8 trillion, according to the United Nations Conference on Trade and Development (UNCTAD), world foreign direct investment (FDI) flows reached an all-time high last year. All major regions benefited from increased flows. “But that was then,” said Karl P. Sauvant of the Vale Columbia Center on Sustainable International Investment. “What is, and will be, the impact of the financial crisis and the looming recession on FDI flows this year and next?”
Sauvant forecasts, "The FDI recession will be severe this year and even more so next year."
Sauvant, the Executive Director of the Vale Columbia Center on Sustainable International Investment, a joint center of Columbia Law School and The Earth Institute, is available for interviews on the effect the global economic crisis will have on foreign direct investment (FDI).
This is the first of an occasional series of perspectives on topical foreign direct investment issues the Center will produce as “Columbia FDI Perspectives.”
For further information please contact: Vale Columbia Center on Sustainable International Investment, Karl P. Sauvant, Executive Director, (212) 854-0689, [email protected], or Lisa Sachs, Program Coordinator, [email protected].
Columbia Law School also has a TV and radio studio on campus equipped with IFB and ISDN lines. Reporters or producers wishing to schedule live or taped interviews can contact the Law School’s Public Affairs office at 212-854-2650.
Vale Columbia Center on Sustainable International Investment (VCC), led by Dr. Karl P. Sauvant, is a joint center of Columbia Law School and The Earth Institute at Columbia University. It seeks to be a leader on issues related to foreign direct investment (FDI) in the global economy. VCC focuses on the analysis and teaching of the implications of FDI for public policy and international investment law.
The Earth Institute at Columbia University is the world’s leading academic center confronting the practical challenges of sustainable development. Based on interdisciplinary research and education, The Earth Institute is dedicated to finding effective solutions to humanity’s most urgent challenges, including climate change, sustainable energy, environmental degradation, extreme poverty and natural and human-made hazards, among many others.
Columbia Law School, founded in 1858, stands at the forefront of legal education and of the law in a global society. Columbia Law School joins traditional strengths in international and comparative law, constitutional law, administrative law, business law and human rights law with pioneering work in the areas of intellectual property, digital technology, sexuality and gender, and criminal law.