Developing countries and economies in transition together attracted more foreign investment than developed countries in 2010 for the first time, a United Nations study showed on Monday. The report by the United Nations Conference on Trade and Development (UNCTAD) was further evidence that economic recovery is more robust in developing than in rich countries. Overall, flows of foreign direct investment (FDI) stagnated at almost $1.12 trillion in 2010 after $1.14 billion in 2009, but are still 25 percent below pre-crisis levels in 2005-2007, UNCTAD said in its latest global investment trends monitor.
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