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The Impact of COVID 19 on Foreign Investors: Evidence from the Quarterly Global Multinational Enterprise Pulse Survey for the First Quarter of 2021

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dc.contributor.authorSaurav, Abhishek
dc.contributor.authorKusek, Peter
dc.contributor.authorKuo, Ryan
dc.contributor.authorViney, Brody
dc.date.accessioned2021-06-22T17:17:41Z
dc.date.available2021-06-22T17:17:41Z
dc.date.issued2021-06
dc.description.abstractAs the Coronavirus (COVID-19) pandemic enters its second year, foreign investors can see light at the end of the tunnel as economic conditions improve. Results from the latest round (Q1 2021) of World Bank Group’s quarterly pulse surveys of Multinational Enterprise (MNE) affiliates suggests that most firms are still operating below full capacity. The pandemic’s adverse effects on MNEs in developing countries continued to ease in the first quarter of 2021 (Q1 2021). Impacts remained widespread with 93 percent experiencing at least one adverse impact, but fewer firms report negative demand, output, revenue, and profit impacts (relative to Q1 2020) than in prior survey rounds. The average magnitude of these impacts was also more limited and continued to ease from Q4 2020. The longer-term outlook for foreign investment in developing countries remains subdued. Overall, 92 percent of firms report that their foreign parent had no plans to change (increase or decrease) the company’s level of investment over the next 1-3 years. Uncertainty about future demand is the key factor holding investment back, but policy and regulatory restrictions are also a factor for almost half of firms. Survey results confirmed that almost all MNE affiliates have increased their adoption of digital technologies for remote working, e-commerce, and supply chain management in response to the pandemic. Half of MNE affiliates also report increasing their focus on sustainability and decarbonization of products and services, with foreign parent companies again playing a critical role. While these survey results may not be generalizable to all developing countries, they are directionally indicative of MNEs’ experiences in developing countriesen
dc.identifierhttp://documents.worldbank.org/curated/en/755771623997673681/The-Impact-of-COVID-19-on-Foreign-Investors-Evidence-from-the-Quarterly-Global-Multinational-Enterprise-MNE-Pulse-Survey-for-the-First-Quarter-of-2021
dc.identifier.doi10.1596/35803
dc.identifier.urihttps://hdl.handle.net/10986/35803
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectMULTINATIONAL ENTERPRISE
dc.subjectECONOMIC RECOVERY
dc.subjectSUPPLY CHAIN
dc.subjectTECHNOLOGY ADOPTION
dc.subjectINVESTMENT
dc.subjectCAPACITY UTILIZATION
dc.titleThe Impact of COVID 19 on Foreign Investorsen
dc.title.subtitleEvidence from the Quarterly Global Multinational Enterprise Pulse Survey for the First Quarter of 2021en
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleThe Impact of COVID 19 on Foreign Investors
okr.date.disclosure2021-06-18
okr.date.doiregistration2025-05-07T11:15:48.214352Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Investment Climate Assessment
okr.docurlhttp://documents.worldbank.org/curated/en/755771623997673681/The-Impact-of-COVID-19-on-Foreign-Investors-Evidence-from-the-Quarterly-Global-Multinational-Enterprise-MNE-Pulse-Survey-for-the-First-Quarter-of-2021
okr.guid755771623997673681
okr.identifier.externaldocumentum090224b08870d5e8_1_0
okr.identifier.internaldocumentum33188823
okr.identifier.report160647
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/755771623997673681/pdf/The-Impact-of-COVID-19-on-Foreign-Investors-Evidence-from-the-Quarterly-Global-Multinational-Enterprise-MNE-Pulse-Survey-for-the-First-Quarter-of-2021.pdfen
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicPrivate Sector Development::Private Sector Economics
okr.unitEFI-FCI-TIC-Invest&Compet. (ETICI)
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