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The UK in a Global World - Vox

The UK in a Global World - Vox

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Choos<strong>in</strong>g Races and Plac<strong>in</strong>g Bets 57Figure 22 Net FDI <strong>in</strong>ternational positions <strong>in</strong> the <strong>UK</strong> by area and selected countries(average of 2007 and 2008)USA26%Europe (excl. Russia)58%Asia (excl. Ch<strong>in</strong>a andIndia)8%<strong>The</strong> Americas (excl. Braziland the USA)6%Other2%Australasia,Oceania &Africa2%India0%Russia0%Ch<strong>in</strong>a0%Brazil0%Source: ONS FDI DatabaseFigure 22 thus shows overseas hold<strong>in</strong>gs <strong>in</strong> the <strong>UK</strong> <strong>in</strong> 2007 and 2008. As with themergers and acquisition series, the US and Europe account for the vast proportionof hold<strong>in</strong>gs <strong>in</strong> the <strong>UK</strong>. <strong>The</strong> BRIC economies (Brazil, Russia, India and Ch<strong>in</strong>a) heldless than 0.5% between them. This <strong>in</strong>dicates the extent to which this aspectof <strong>in</strong>ternationalisation imp<strong>in</strong>ges on particular sectors <strong>in</strong> the <strong>UK</strong> <strong>in</strong>novationsystem. Figure 23 and 26 compare the <strong>UK</strong>’s positions abroad by area and selectedcountries <strong>in</strong> 2001 and 2010.Figure 23 Net FDI <strong>in</strong>ternational <strong>in</strong>vestment position abroad by area and selectedcountries (2001)Europe (excl. Russia)61%USA24%<strong>The</strong> Americas (excl.USA and Brazil)5%Asia (excl. Ch<strong>in</strong>a andIndia)5%Other5%Australasia,Oceania &Africa4%BRICs1%Source: ONS FDI Database

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