UNITEDNATIONSCONFERENCEONTRADEANDDEVELOPMENTSPECIALECONOMICZONES2019WORLDINVESTMENTREPORTThecontentsofthisReportmustnotbequotedorsummarizedintheprint,broadcastorelectronicmediabefore12June2019,17:00GMT.(1p.m.NewYork;7p.m.Geneva;10.30p.m.Delhi;2a.m.on13June,Tokyo)EMBARGOGeneva,2019UNITEDNATIONSCONFERENCEONTRADEANDDEVELOPMENTSPECIALECONOMICZONES2019WORLDINVESTMENTREPORTiiWorldInvestmentReport2019SpecialEconomicZonesISBN978-92-1-112949-6eISBN978-92-1-004158-4PrintISSN1020-2218eISSN2225-1677SalesNo.E.19.II.D.12©2019,UnitedNationsAllrightsreservedworldwideRequeststoreproduceexcerptsortophotocopyshouldbeaddressedtotheCopyrightClearanceCenteratcopyright.com.Allotherqueriesonrightsandlicences,includingsubsidiaryrights,shouldbeaddressedto:UnitedNationsPublications,300East42ndStreet,NewYork,NewYork10017,UnitedStatesofAmericaEmail:publications@un.orgWebsite:un.org/publicationsThedesignationsemployedandthepresentationofmaterialonanymapinthisworkdonotimplytheexpressionofanyopinionwhatsoeveronthepartoftheUnitedNationsconcerningthelegalstatusofanycountry,territory,cityorareaorofitsauthorities,orconcerningthedelimitationofitsfrontiersorboundaries.Thispublicationhasbeeneditedexternally.UnitedNationspublicationissuedbytheUnitedNationsConferenceonTradeandDevelopment.UNCTAD/WIR/2019iiiPrefacePREFACETheWorldInvestmentReportsupportspolicymakersbymonitoringglobalandregionalforeigndirectinvestmenttrendsanddocumentingnationalandinternationalinvestmentpolicydevelopments.Thepolicychapterofthisyear’sreporttakesstockofeffortsbeingmadetowardsthereformofinternationalinvestmentagreementsandsurveysnewmeasures.Inclusivesustainabledevelopmentdependsonaglobalpolicyenvironmentthatisconducivetocross-borderinvestment.Lastyear,globalflowsofforeigndirectinvestmentfellby13percent,to$1.3trillion.Thisrepresentsthelowestlevelsincetheglobalfinancialcrisisandunderlinesthelackofgrowthininternationalinvestmentthisdecade.ThesignificantaccelerationrequiredtomeettheinvestmentneedsassociatedwiththeSustainableDeve...