Abstract

Investment regulations implemented by the US government as part of the response to COVID-19 have implications for capital flows. The objective of this paper is to analyse how these regulations affect FDI flows, the potential long-term consequences for the United States and developing economies. We use secondary data to chart trends and simple descriptive and analytic framework to synthesise arguments and perspectives. The effects of COVID-19 related restrictions on FDI in the U.S. run through the invocation of the Defense Production Act. Our analysis indicates that these restrictions are highly concentrated on investments that fall under the regulations of Committee on Foreign Investment in the United States, which has increasingly become active in restricting investments flows. While this bodes ill for FDI inflows into the U.S and global development prospects, it is also an opportunity for developing countries to reform and refocus on FDI flows from emerging economies.

摘要

作为应对 COVID-19 的一部分，美国政府实施的投资法规对资本流动产生了影响。本文的目的是分析这些法规如何影响 FDI 流动，以及对美国和发展中经济体的潜在长期后果。我们使用二手数据来绘制趋势图，并使用简单的描述和分析框架来综合论点和观点。COVID-19 相关限制对美国 FDI 的影响贯穿于《国防生产法》的实施。我们的分析表明，这些限制高度集中在美国外国投资委员会监管范围内的投资，该委员会在限制投资流动方面变得越来越积极。虽然这对流入美国的外国直接投资来说是个坏兆头。