Developing Countries' Investments Boom As Europe Pares Back

Law360, New York (December 6, 2012, 8:46 PM EST) -- Outbound investment from developing countries hit record levels during 2012, buoying a global investment landscape hit hard by Europe’s economic woes and political instability across North Africa, according to a World Bank report Thursday.

Developing countries such as China, Brazil and India have spent $237 billion abroad this year in cross-border mergers and acquisitions, portfolio investments and commercial and sovereign debt, up 11 percent from last year, according to the Multilateral Investment Guarantee Agency, the World Bank’s insurance arm.

About one quarter — or nearly $60...
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