In 2008, inward fdi accounted for some 63.7 percent of gross fixed capital formation in ireland but only 4.1 percent in japan ( gross fixed capital formation refers to investments in fixed assets such as factories, warehouses, and retail stores). what do you think explains this difference in fdi inflows into the two countries? hill, charles w. l.,hill, charles w. l.. global business today (kindle locations 8608-8610). mcgraw-hill higher education. kindle edition.