Accounting outflow of Foreign Direct Investment (FDI) activity

Using a range of relevant theories, and the data below, critically evaluate the variation over time both within a country, and between countries in their inflow and outflow of Foreign Direct Investment (FDI) activity
Foreign Direct Investment flows as a percentage of GDP, selected countries
Inflows
Country   2008   2009   2010   2011   2012
Australia   4.5%   2.6%   2.7%   4.2%   3.6%
Belgium   38.2%   12.9%   18.2%   20.1%   2.9%
Germany   0.2%   0.7%   1.7%   1.4%   0.2%
Luxembourg   20.4%   41.3%   52.4%   24.3%   14.1%
UK   3.3%   3.5%   2.2%   2.1%   2.6%
US   2.2%   1.1%   1.4%   1.5%   1.1%
China   3.8%   2.6%   4.1%   3.8%   3.1%
Russia   4.6%   2.3%   2.1%   2.0%   1.5%
Saudi Arabia   8.3%   9.7%   6.4%   2.7%   1.9%
South Africa   3.3%   2.0%   0.3%   1.5%   1.2%

Outflows

Country   2008   2009   2010   2011   2012
Australia   3.2%   1.7%   2.1%   0.9%   1.0%
Belgium   43.5%   1.6%   9.3%   16.1%   5.7%
Germany   2.0%   2.1%   3.7%   1.4%   2.0%
Luxembourg   21.4%   13.4%   39.9%   15.2%   30.9%
UK   6.9%   1.8%   1.7%   4.4%   3.1%
US   2.3%   2.2%   2.1%   2.7%   2.5%
China   1.3%   0.9%   1.0%   0.7%   0.8%
Russia   3.4%   2.8%   2.8%   2.6%   1.4%
Saudi Arabia   0.7%   0.6%   0.9%   0.6%   0.7%
South Africa   –   0.4%   –   0.7%   1.1%

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