The Staying Power of Europe's Chemical Industry

The Staying Power of Europe's Chemical Industry

Multinationals are moving hundreds of manufacturing plants to developing countries. They are abandoning the European and American continents, considered the most expensive places to manufacture goods, and transferring thousands of manufacturing jobs to 'low-cost' locations.

Foreign Direct Investment (FDI) figures from UNCTAD confirm this trend. Asia, for example, accounted for 15 percent of worldwide FDI inflows in 2002, up from 10 percent in 2000. China, in particular, has seen a spectacular rise: its share of worldwide FDI inflows shot up from 1 percent in 1990 to 3 percent in 2000 and 8 percent in 2002.

Released: May 2005

Download File ADL_Staying_power_of_europes_chemical_industry_02.pdf (.PDF, 254 Kb)

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