Private Investment in Emerging Markets to Decline 82% in 2009

The Wall Street Journal has an article (subscription required) detailing the rise in protectionism as the global economy falters. The article also highlights a startling drop in new private capital being invested in emerging markets.

Public officials and business leaders warned that the global recession could sharply reduce lending across borders and lead to more subsidies tucked away in economic-stimulus plans. Investment of private capital to emerging markets this year is expected to be 82% lower than it was in 2007.