UNCTAD has launched World Investment Report (WIR) 2011. Below is
brief Highligh by BAN Ki moon – GS UnGlobal foreign direct investment
(FDI) has not yet bounced back to pre-crisis levels, though some
regions show better recovery than others. The reason is not financing
constraints, but perceived risks and regulatory uncertainty in a
fragile world economy.The World Investment Report 2011 forecasts that,
barring any economic shocks, FDI flows will recover to pre-crisis
levels over the next two years. The challenge for the development
community is to make this anticipated investment have greater impact
on our efforts to achieve the Millennium Development Goals.In 2010 –
for the first time – developing economies absorbed close to half of
global FDI inflows. They also generated record levels of FDI outflows,
much of it directed to other countries in the South. This further
demonstrates the growing importance of developing economies to the
world economy, and of South-South cooperation and investment for
sustainable development.Increasingly, transnational corporations are
engaging with developing and transition economies through a broadening
array of production and investment models, such as contract
manufacturing and farming, service outsourcing, franchising and
licensing. These relatively new phenomena present opportunities for
developing and transition economies to deepen their integration into
the rapidly evolving global economy, to strengthen the potential of
their home-grown productive capacity, and to improve their
international competitiveness.Unlocking the full potential of these
new developments will depend on wise policymaking and institution
building by governments and international organizations. Entrepreneurs
and businesses in developing and transition economies need frameworks
in which they can benefit fully from integrated international
production and trade. I commend this report, with its wealth of
research and analysis, to policymakers and businesses pursuing
development success in a fast-changing world.
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