The growth of one “new form” of FDI, the emergence and spread of developing country multinational enterprises (DCMNEs), has aroused considerable interest in the international investment literature. The WIR 1994 contains a useful compilation of data, from the IMF and UNCTAD's own data base on FDI, on outward investment flows and stocks by selected developing countries and regions (Table 5). It shows that in 1992, the developing world as a whole accounted for $9.2 billion of overseas investment, 5.3% of global investment, compared to 1.9% over 1982-87.