Multinational Enterprises seeking to understand how globalization affects their business need foreign direct investment, (FDI), information in order to gauge an economy’s suitability for expansion of their own enterprises, to find out how and where their competitors are investing in foreign markets, and to monitor how globalization may be affecting their clients.
According to UNCTAD, the United Nations Conference on Trade and Development, the most important feature of FDI is to gain equity ownership in order to influence the management of a foreign enterprise, (although countries vary, usually 10% is considered an effective voice), and this feature distinguishes an FDI investment from simple foreign portfolio investment, (FDI Statistics, n.d.). Since gaining a lasting interest in a foreign economy is the ultimate goal, only investments by direct investor related enterprises that gain equity ownership are classified as FDI and are tracked.
Capital generated in industrialized countries and redistributed through FDI to less developed and emerging markets is tracked by a variety of different organizations in addition to UNCTAD; other notable agencies include the World Bank and the Organization for Economic Cooperation and Development, (OECD). Additionally, it is important for individual government agencies like the U.S. Department of Commerce to track this information to ensure that their incentives for attracting FDI are successful.
UNCTAD tracks transnational corporate investment statistics of inward flows of stocks and capital as well as outward FDI flows, or disinvestments, through the International Transactions Reporting System, ITRS, and supplements the data through annual country surveys, (Methods of Data Collection, n.d.). UNCTAD reports on these statistics in the World Investment Report, the World Investment Prospects Survey, the Manual on FDI Statistics, and Balance of Payments Statistics Reports, and a variety of other statistical reports and databases. The recently released World Investment Report reported that FDI inflows increased globally to $1.2 trillion in the first half of 2010, after a 16% decline in 2008 and a 37% decrease in 2009, where it bottomed out at $1,114 billion, (Zahn, 2010).
At the World Bank Group and their member organizations, the Development Data Group collects FDI statistics from the statistical systems of member countries and publishes the data in a variety of electronic and print resources, most notably the publications World Development Indicators, the World Development Report, the World Bank Annual Report, Global Development Finance, and Global Economic Prospects. The World Bank reports in Global Economic Prospects that FDI capital inflow to developing countries have increased in 2010 to $589.5 billion from a low in 2009 of $454 billion, (International Bank for Reconstruction and Development, 2010).
Like the World Bank the OECD collects FDI data from member organizations and publishers the statistics in an online database and through a series of publications including the OECD Factbook, the OECD Economic Outlook, OECD Economic Surveys, and other publications. The OECD also recently reported that 2010 FDI year-to-date data from its 22 participating countries indicates that inflows have more than doubled from the same time period in 2009, outflows have increased by 40%, and that M&A investment is expected to increase by 20% this year, (Gestrin, 2010).
Agencies such as the UN, the World Bank and the OECD determine the development status of a country generally through measurement and comparison of economic indicators such as GDP or GNI. These agencies track and report on FDI inflows and outflows annually and more frequently, and indicate that capital generated in developed nations is reinvested and also disinvested in developing nations, primarily through mergers and acquisitions, but also by becoming shareholders or stakeholders. Additionally, to promote the usefulness of the data the collected these and additional agencies present their statistics in freely accessible online databases.
References:
FDI Statistics Definitions and Sources. (n.d.). Retrieved from http://www.unctad.org/Templates/Page.asp?intItemID=3144&lang=1
Gestrin, M. (2010, June). International investment freefall comes to an end. OECD Investment News, 13, 1-3. Retrieved from http://www.oecd.org/dataoecd/32/37/45562632.pdf
International Bank for Reconstruction and Development. (2010, Summer). Global Economic Prospects: Fiscal Headwinds and Recovery: Main Analysis. Washington, DC: The World Bank. Retrieved from http://siteresources.worldbank.org/INTGEP2010/Resources/GEPSummer2010MainReport.pdf
Methods of Data Collection and National Policies on Treatment of FDI Information. (n.d.). Retrieved from http://www.unctad.org/Templates/Page.asp?intItemID=3157&lang=1
Zahn, J. (2010, July 22). World Investment Report 2010: investing in a low carbon economy. (20th ed.). New York: United Nations Conference on Trade and Development. Retrieved from http://www.unctad.org/en/docs/wir2010_en.pdf
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David Hector Thibodeau
1045 Wylie Street SE • Atlanta, GA 30316
• davidhectorthibodeau@gmail.com
Professional Experience:
Georgia College & State University - Milledgeville, GA 31061 2008 - Present
www.gcsu.edu
Serials/Acquisitions Coordinator
• Establish policies and procedures for the efficient operation of the Serials and Acquisitions Department, oversees database maintenance and quality, and processing of materials.
• Supervise full-time faculty, staff, and student positions.
• Manage electronic serials collection using electronic management software systems.
• Update bibliographic holdings for serials collection using standard library utilities.
• Direct all major projects and daily activities involving the management of the serials collection.
• Oversee participation in National Library of Medicine’s DOCLINE ILL program.
• Meet with department faculty to review their acquisitions needs and serve as a library liaison with academic departments.
• Provides assistance and advice to the Dean/University Librarian in the overall administration of the library, including strategic planning and the establishment of overall goals and objectives.
• Assist library administration in monitoring the budget and expenditures, recommends equipment, supplies, personnel, and other needs. Perform fiscal period close in Voyager integrated library system.
• Serve as primary liaison to vendors and as the technical contact for electronic databases, including setting up trials, negotiating licensing agreements, managing SLAs, and authoring RFQs and other correspondence.
• Participate in collection development to support the curriculum by recommending acquisitions and participating in the evaluation of current collections.
• Develop and prepare statistical and narrative reports.
• Provide reference services as assigned.
KPMG LLP - Atlanta, GA 10/2003 - 10/2007
http://www.kpmg.com/
Southeast Area Library Associate
• Relocated from Miami to Atlanta by KPMG due to assuming additional offices in 2006.
• Reference, research, and collection management for fifteen Southeast area libraries.
• Developed on-line training sessions for proprietary accounting research platform.
• Set up, developed, and administered SharePoint internal collaboration web site.
• Liaison to National Operations teams on SharePoint development.
• Redeveloped external acquisitions web site to be high functioning and suitable for firm-wide use.
• Collaborated with marketing department to improve collateral for delivery to clients and targets.
• Account contact and administrator for firm-wide on-line subscription.
• Coordinated development of the Latin American Tax Handbook between the European Tax Centre, the Latin American Tax Center, and the International Bureau of Fiscal Documentation.
• Led a team to develop an electronic tool to survey library users.
• Appointed Work Environment Initiative Local Action Committee Representative in South Florida.
• Promoted from Area Library Coordinator to Area Library Associate and relocated from Boston to Miami in 2003; originally responsible for library collections, acquisitions, vendor relations, and accounts in 13 Northeast area offices.
KPMG LLP - Boston, MA 03/200- - 10/2003
http://www.kpmg.com/
Northeast Area Library Coordinator
• Implemented integrated library system software in area libraries.
• Assisted in creating a collection development database on MS Access to track expenditures.
• Substantially decreased print purchases through resource sharing and eliminating duplicative materials.
• Developed electronic process for Partners to select and order professional literature annually that resulted in $60K savings in the Northeast in the first year, (project adopted firm wide).
• Piloted on-line access to tax literature platform in Northeast Area that resulted in over $25K cost savings in Northeast area and a wider distribution of resources, (project adopted firm wide).
• Coordinated and developed training programs for Lexis/Nexis, Westlaw, and other information platforms for professionals and support staff, (project adopted firm wide).
Education:
American Intercontinental University
• 2010 – Present, MBA – Project Management Concentration
Simmons College--Boston, MA
• Summer 2000; audited - Knowledge Management
• Summer 1999; audited- Management of Information Technology
• 1996-1998 MLIS, Graduate School of Library and Information Science
Boston College--Newton, MA
• 1984-1988 BA, College of Arts and Sciences: Double Major: English and Psychology
Hebrew University--Jerusalem, Israel
• Summer 1988 & summer 1990, Assistant Archaeological Field Supervisor and associated graduate level classes.
Leadership:
Georgia Leadership Institute – State Personnel Administration
• 2009 – The Seven Habits of Highly Effective People
Florida Library Leadership Program -- Tallahassee, FL
• 2005-2006 - Year-long comprehensive series of learning sessions that focuses on developing an understanding of leadership, within a conceptual framework and practical applications.
Certifications:
Emory University - Center for Lifelong Learning – Atlanta, GA
• 2008 - Emory University: Management Certification.
• Courses included: Essentials of Personnel Management, Win-Win Negotiations, Essentials of Supervision, Essentials of Motivation, and Essentials of Coaching for Managers.
New Horizons--Boston, MA
• 2002 - Certified Internet Webmaster – Foundation Fundamentals
• Courses included: Networking, Internet, and Web-Page Authoring Fundamentals.
Professional Memberships:
SLA Georgia Chapter Board Member 2009 - Present
Tennis Club II Condominium Association President, Fort Lauderdale, FL 2005-2006
Member: ALA, NASIG, CIP
Skills / Strengths:
• Lexis/Nexis, Westlaw, Factiva, ProQuest, EBSCOhost, & other information databases.
• Conversational French, some Spanish
• MS office: Excel, Access, PowerPoint, Word, Outlook, SharePoint, Visio, and Project.
1045 Wylie Street SE • Atlanta, GA 30316
• davidhectorthibodeau@gmail.com
Professional Experience:
Georgia College & State University - Milledgeville, GA 31061 2008 - Present
www.gcsu.edu
Serials/Acquisitions Coordinator
• Establish policies and procedures for the efficient operation of the Serials and Acquisitions Department, oversees database maintenance and quality, and processing of materials.
• Supervise full-time faculty, staff, and student positions.
• Manage electronic serials collection using electronic management software systems.
• Update bibliographic holdings for serials collection using standard library utilities.
• Direct all major projects and daily activities involving the management of the serials collection.
• Oversee participation in National Library of Medicine’s DOCLINE ILL program.
• Meet with department faculty to review their acquisitions needs and serve as a library liaison with academic departments.
• Provides assistance and advice to the Dean/University Librarian in the overall administration of the library, including strategic planning and the establishment of overall goals and objectives.
• Assist library administration in monitoring the budget and expenditures, recommends equipment, supplies, personnel, and other needs. Perform fiscal period close in Voyager integrated library system.
• Serve as primary liaison to vendors and as the technical contact for electronic databases, including setting up trials, negotiating licensing agreements, managing SLAs, and authoring RFQs and other correspondence.
• Participate in collection development to support the curriculum by recommending acquisitions and participating in the evaluation of current collections.
• Develop and prepare statistical and narrative reports.
• Provide reference services as assigned.
KPMG LLP - Atlanta, GA 10/2003 - 10/2007
http://www.kpmg.com/
Southeast Area Library Associate
• Relocated from Miami to Atlanta by KPMG due to assuming additional offices in 2006.
• Reference, research, and collection management for fifteen Southeast area libraries.
• Developed on-line training sessions for proprietary accounting research platform.
• Set up, developed, and administered SharePoint internal collaboration web site.
• Liaison to National Operations teams on SharePoint development.
• Redeveloped external acquisitions web site to be high functioning and suitable for firm-wide use.
• Collaborated with marketing department to improve collateral for delivery to clients and targets.
• Account contact and administrator for firm-wide on-line subscription.
• Coordinated development of the Latin American Tax Handbook between the European Tax Centre, the Latin American Tax Center, and the International Bureau of Fiscal Documentation.
• Led a team to develop an electronic tool to survey library users.
• Appointed Work Environment Initiative Local Action Committee Representative in South Florida.
• Promoted from Area Library Coordinator to Area Library Associate and relocated from Boston to Miami in 2003; originally responsible for library collections, acquisitions, vendor relations, and accounts in 13 Northeast area offices.
KPMG LLP - Boston, MA 03/200- - 10/2003
http://www.kpmg.com/
Northeast Area Library Coordinator
• Implemented integrated library system software in area libraries.
• Assisted in creating a collection development database on MS Access to track expenditures.
• Substantially decreased print purchases through resource sharing and eliminating duplicative materials.
• Developed electronic process for Partners to select and order professional literature annually that resulted in $60K savings in the Northeast in the first year, (project adopted firm wide).
• Piloted on-line access to tax literature platform in Northeast Area that resulted in over $25K cost savings in Northeast area and a wider distribution of resources, (project adopted firm wide).
• Coordinated and developed training programs for Lexis/Nexis, Westlaw, and other information platforms for professionals and support staff, (project adopted firm wide).
Education:
American Intercontinental University
• 2010 – Present, MBA – Project Management Concentration
Simmons College--Boston, MA
• Summer 2000; audited - Knowledge Management
• Summer 1999; audited- Management of Information Technology
• 1996-1998 MLIS, Graduate School of Library and Information Science
Boston College--Newton, MA
• 1984-1988 BA, College of Arts and Sciences: Double Major: English and Psychology
Hebrew University--Jerusalem, Israel
• Summer 1988 & summer 1990, Assistant Archaeological Field Supervisor and associated graduate level classes.
Leadership:
Georgia Leadership Institute – State Personnel Administration
• 2009 – The Seven Habits of Highly Effective People
Florida Library Leadership Program -- Tallahassee, FL
• 2005-2006 - Year-long comprehensive series of learning sessions that focuses on developing an understanding of leadership, within a conceptual framework and practical applications.
Certifications:
Emory University - Center for Lifelong Learning – Atlanta, GA
• 2008 - Emory University: Management Certification.
• Courses included: Essentials of Personnel Management, Win-Win Negotiations, Essentials of Supervision, Essentials of Motivation, and Essentials of Coaching for Managers.
New Horizons--Boston, MA
• 2002 - Certified Internet Webmaster – Foundation Fundamentals
• Courses included: Networking, Internet, and Web-Page Authoring Fundamentals.
Professional Memberships:
SLA Georgia Chapter Board Member 2009 - Present
Tennis Club II Condominium Association President, Fort Lauderdale, FL 2005-2006
Member: ALA, NASIG, CIP
Skills / Strengths:
• Lexis/Nexis, Westlaw, Factiva, ProQuest, EBSCOhost, & other information databases.
• Conversational French, some Spanish
• MS office: Excel, Access, PowerPoint, Word, Outlook, SharePoint, Visio, and Project.
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