taken by their countries to encourage investment by their transnational corporations in developing countries. 10. Many delegations noted that changes in Eastern Europe and the Soviet Union were likely to lead to increased foreign direct investment into those countries, and some of them expressed the concern that they had a potential to compete with foreign direct investment flows to developing countries. Other delegations noted that that potential had not yet materialized and flows to that region did not have to compete with the flows of foreign direct investment to developing countries. It was observed that there was no fixed amount of world-wide foreign direct investment. If new investment opportunities abroad emerged, transnational corporations were in a position to increase funds allocated to such investment and did not have to shift foreign direct investment from one location to another. Many delegations noted that in the medium and long run, changes in Eastern Europe and the Soviet Union might have a positive impact on the world economy, including developing countries, although in the short term some diversion of foreign investment flows away from developing countries could not be ruled out. 11. A number of delegations expressed the view that it might be useful to analyse on a regular basis the implications of the above-mentioned trends, for international economic relations, including foreign direct investment flows. 12. Many delegations noted that regional economic integration among developed market economies helped to stimulate foreign direct investment into and within integrated regions, while similar arrangements among developing countries had su far not had the same result. One representative affirmed, however, that the integration scheme to which his country belonged had contributed to increased foreign direct investment inflpws. Many delegations agreed that there were both positive and negative implications of the single market programme in Europe for developing countries. Several delegations stressed the potential negative 
**Analysis**
The text discusses foreign direct investment, its trends, and its implications on international economic relations, including developing countries. It highlights the potential impact of changes in Eastern Europe and the Soviet Union on foreign direct investment flows and the role of regional economic integration in stimulating investment. The text also touches on the single market programme in Europe and its potential implications for developing countries.

**Category**
International trade, Economic development