Flows of foreign direct investment (FDI) are slowing worldwide in both in absolute terms and as a share of world GDP as the world’s economy cools thanks to the polycrisis. A number of factors are depressing international investment activity, says Oxford Economics in a paper on September 30, including changes in industrial organisation, rising trade and investment barriers, and a slump in M&A related to higher interest rates. Global FDI rose 13% per year on average from 1990-2016 but has declined since. “Even after netting out the distortionary impact of flows into and out of tax havens, we fin…