First estimates for 2002 according to the preliminary estimates of Unctad (United Nations Conference in Trade and Development), foreign direct investment (FDI) flows fell by 27% in 2002 to $534 bn. Furthermore, for the first time, China is said to have overtaken the United States as the world's largest recipient of foreign investments. As in 2001 already, developed countries are the first to have suffered from the recession with a drop of 31% of FDIs, whereas in developing countries FDIs...