Outward foreign investment increased in 2011 (UNCTAD). According to initial United Nations Conference on Trade and Development (UNCTAD) estimates, global foreign direct investment (FDI) outflows rose by 16 per cent in 2011 to an estimated US$1.66 trillion, surpassing the pre-crisis levels of 2007. In 2010, outflows amounted to US$1.429 billion. Growth was due in large part to cross-border mergers and acquisitions and to increased amounts of cash reserves kept in foreign affiliates, rather...