Economic geography, International economics, International trade

Foreign Direct Investment is regarded as one of the most essential of all factors that assist in economic development of a nation. However the role of FDI behind economic development of an economy is only a recent recognition this had not been the scenario, for example, immediately after World War II. Post World War II, USA beat Britain and gained status as the greatest contributor to FDI inflows in economies across the world. Nonetheless, most of the FDI during this period flowed into industrial economies located in Europe, North America and Japan in Asia.