The Impact Of International Developments On Foreign Investments During 1960-1961

International developments affecting foreign in- vestments in 1960-61 were many, varying from region to region and differing with respect to various categories of investments. Total value of U.S. private investment abroad in 1960 was approximately $32.7 billion, an increase of $2.9 billion over 1959. Production and distribution of mineral resources was, by a sizeable margin, the most important function of American capital working in foreign countries in 1960. Investment in mining or petroleum interests totaled approximately $14 billion, or 42% of all direct foreign investment. In- vestments by industry for 1960 were as follows: Petroleum-10.9 billions, Mining-3.0 billions, Manufacturing-11.2 billions, Utilities-2.5 billions, other-5.1 billions. American investors found Canada and Latin America to be most desirable in 1960 with the greatest percentage of American capital in all areas centered in the petroleum and mining industries. The areal breakdown of total American investments is as follows: Canada-$11.2 billions, Latin America-$8.4 billions, Western Europe-$6.6 billions, Middle East-$1.2 billions, Far East-$1.2 billions, Africa-$.9 billions, other areas-$3.2 billions.