On why the world isn't flat.

• Author: Rees, Matthew
• Position: Globalization - Foreign direct investments - Brief article

"The total amount of the world's capital formation that is generated from foreign direct investment has been less than 10 percent for the last three years for which data are available (2003-05). In other words, more than 90 percent of the fixed investment around the world is still domestic. And though merger waves can push the ratio higher, it has never reached 20 percent. In a thoroughly...