for the year (figure 11). This suggests that the consequences of recent
political and economic uncertainties are believed to remain locally
circumscribed, not affecting global flows especially in the medium-term.
In fact, for 2016 almost 90 per cent of all IPA respondents, irrespectively
of their home country, expressed high expectations about inflows to
their country. However, the view from IPAs for inward FDI differed by
region, particularly regarding target industries. IPAs in developed
economies anticipate good prospects for FDI in machinery, business
services such as computer programming and consulting, transport, and
communications, especially telecommunications. African IPAs expect
further investments in the extractive and utilities industries, while Latin
American IPAs emphasize the finance and tourism services. Asian IPAs
report positive prospects in construction, agriculture, and machinery.
IPAs in transition economies have high expectations for the construction,
utilities, and textiles industries.