Unformatted text preview: in 2009 with a slow recovery in 2010. The drop in FDI was initially more severe in the developed countries—25 percent compared to 2007—but FDI in the developing countries was expected to drop more significantly in 2009. (evaluating) 7. An interesting note is that outward FDI from China continued to rise in 2008 and 2009. (evaluating) 8. Prior to the global economic crisis, both developing and industrialized countries deregulated markets, privatized national enterprises, liberalized private ownership, and encouraged regional integration in an effort to create more favorable climates for foreign investment. (evaluating) 9. However, the crisis caused major changes in government/business relationships, as illustrated by the rise in government ownership in autos and banking in the United States. The U.S. government even pushed aggressively for a partnership between Italian automaker Fiat and U.S.-based Chrysler in order to save Chrysler, thus actively encouraging FDI....
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- Fall '09
- Federal government of the United States, Global Economic Crisis