<!-- Start of picture text --> Figure 2a. Private capital flows, net<br><!-- End of picture text --> <!-- Start of picture text --> 700.0<br>600.0<br>500.0<br>400.0<br>300.0<br>200.0<br>100.0<br>0.0<br>‐100.0<br>‐200.0<br>‐300.0<br>1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010<br>1. Emerging and developing eco 67.7 63.7 73.5 54.0 154.2 222.0 226.8 202.8 617.5 109.3 ‐190.3 ‐6.5<br>2. Africa 8.2 ‐3.9 1.3 2.0 4.9 13.0 26.0 35.2 33.4 24.2 30.2 44.7<br>3. Central and eastern Europe 32.3 34.2 5.6 25.9 42.3 61.3 99.9 120.0 173.6 147.1 ‐38.3 13.4<br>4. Commonwealth of Ind. States & Mongolia ‐13.5 ‐27.7 6.9 15.7 19.0 2.6 30.4 55.1 127.2 ‐127.4 ‐119.0 ‐40.0<br>5. Developing Asia 0.3 6.3 24.3 23.9 66.9 145.6 85.3 31.8 164.8 127.9 ‐46.9 ‐35.6<br>6. Middle East ‐6.2 ‐6.5 ‐7.6 ‐19.2 1.4 ‐17.7 ‐53.7 ‐50.0 11.0 ‐120.9 ‐29.5 ‐24.1<br>7. Western Hemisphere 46.5 61.3 43.2 5.7 19.7 17.1 39.0 10.8 107.4 58.5 13.3 35.2<br>Source: Authors' computations using WEO, July 2009 data<br>Notes: (1) The regional division is based on World Economic Outlook Database, july 2009 and IMF classifications;<br>(2) Western Hemisphere is composed of 32 countries, including LAC and other countries. These 32 countries are: Antigua and Barbuda,<br>Argentina, Bahamas, The, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana,<br>Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago,<br>Uruguay, and Venezuela. (3) Emerging and developing economies consist of 149 countries, including BRIC.<br>usd billions<br><!-- End of picture text -->

|10.0<br>100.0<br>1000.0<br>usd billions|||**Figure 2b**<br>_(lo_|**. Direct I**<br>_garithmi_|**nvestme**<br>_c Scale)_|**nt, net**|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|10|||||||||||||
|.|1999|2000|2001|2002|2003|2004|2005|2006|2007|2008|2009|2010|
|1. Emerging and developing eco|171.9|164.0|180.5|144.4|161.3|183.9|243.7|241.4|359.0|459.3|312.8|303.1|
|2. Africa|8.6|7.7|23.1|14.3|17.1|15.8|23.3|23.4|32.1|32.4|27.6|31.7|
|3. Central and eastern Europe|14.8|16.4|17.4|12.2|13.3|30.0|37.4|58.9|72.0|64.1|30.1|32.5|
|4. Commonwealth of Ind. States &<br>Mongolia|4.7|2.3|4.9|5.2|5.4|13.1|11.6|20.7|26.6|44.4|17.3|22.9|
|5. Developing Asia|72.2|61.6|53.5|52.4|70.6|64.7|100.5|94.3|138.5|222.6|161.6|138.8|
|6. Middle East|4.4|5.7|12.3|9.1|17.0|10.4|17.6|14.9|4.0|11.4|17.6|15.7|
|7. Western Hemisphere|673|703|692|512|380|500|533|291|858|843|587|616|
|<br>Source: Authors' computations and Ju<br>Notes: (1) The regional division is base<br>(2)_Western Hemisphere_is comp<br>The, Barbados, Belize, Bolivia, Brazil, Chile,<br>Jamaica, Mexico, Nicaragua, Panama, Para<br>Venezuela. (3)Emerging and developing ec|.<br>ly 2009<br>d on Wor<br>osed of 3<br>Colombia<br>guay, Peru<br>onomies|.<br>WEO, IM<br>ld Econom<br>2 countrie<br>, Costa Ric<br>, St. Kitts a<br>consist of 1|.<br>F<br>ic Outlook<br>s, including<br>a, Dominic<br>nd Nevis,<br>49 countri|.<br>Database,<br> _LAC_and o<br>a, Dominic<br>St. Lucia, St<br>es, includin|.<br>july 2009<br>ther count<br>an Republi<br>. Vincent a<br>g_BRIC._|.<br>and IMF c<br>ries. Thes<br>c, Ecuador<br>nd the Gr|.<br>lassificatio<br>e countrie<br>, El Salvad<br>enadines,|.<br>Y<br>ns;<br>s are : Ant<br>or, Grenad<br>Suriname,|.<br>ear (1999-<br>igua and B<br>a, Guatema<br>Trinidad an|.<br>2010)<br>arbuda, A<br>la, Guyan<br>d Tobago|.<br>rgentina, B<br>a, Haiti, H<br>, Uruguay,|.<br>ahamas,<br>onduras,<br>and|

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