The main ingredient needed to achieve faster sustained growth is increased investment.

The private sector is becoming the main source of FDI flows to developing countries.

Luxembourg and Spain, both major recipients of FDI in 2003, received lower FDI inflows last year.

Declining investment rates represent the principal cause behind poor economic performance as they were on average 4 per cent below the investment rates for the developing world.

OFDI has been driven largely by investment in resources as well as by investment opportunities in neighbouring countries as a result of privatizations (e.g. in Mozambique).

WAIPA hoped that UNCTAD would remain its primary partner in investment and development, focusing on ongoing joint activities such as e government tools and the exchange of best practices related to IPAs.

Investment in people through their health and education is seen as the key to sustained economic growth and development. The ICPD also gave new impetus to safe motherhood programs by including them under a broadened mandate of reproductive health.

Chinese growth is widely regarded as furiously export driven, but domestic investment has in fact been the major component.

This investment shortfall is due to many factors, but perhaps the main one is that there are substantial medium term institutional roadblocks to investment in many developing countries, where long term returns now seem to be by far the highest.

Privatizations had been the main engine behind the FDI flows, though the dependence upon too few investing countries had not permitted proper differentiation.

Finally, although investment in development assistance is key to supporting Africa s advancement, nations will ultimately have to take responsibility for their own development.

The increasing international competitiveness of Chinese firms, together with government policy, has been the main driver of China s skyrocketing outward FDI.

Therefore it is important to invest in a testing framework (build it or buy it) that would provide the visibility required to find the culprit in the architecture.

According to the economist Geoffrey Crowther, a country s balance of payments position evolves in six stages, with the key variable being net assets that is, the country s net international investment position.

Main

Mali

The Government would be following up on the implementation of the recommendations of the IPR, which related to modernizing the FDI entry regime, strengthening Board of Investment (BOI) core functions and reforming the tax regime on investment.

Main volume

The purpose of Lula s visit was to support his personally appointed presidential candidate, Dilma Rousseff, who was formerly his chief of staff and the main architect of the government s investment program, designed in 2007 to accelerate growth.

The Best Investments

Investment costs

Front loaded public investment could be funded through an enhanced European Investment Bank.

Second, investment in real estate development accounts for nearly one quarter of the total.

This agency acts as a one stop shop and as the focal point for investment promotion activities.

It was also reported that UNCTAD had carried out an assessment of the investment promotion capacity of the national investment promotion agency (Agence Nationale de Développement de l'Investissement).

Major Programme G

Major Programme H

Major Programme I

Main institutional support

(Principal investigator A. Coradini, INAF IFSI, Rome)

Headquarters

By 2010, more than one third of the FDI in developing countries will originate in other developing countries, with India, China, Brazil and South Africa being among the main players.

Some OFDI leads to losses instead of profits, especially if the assets acquired are overpriced or not in the acquirer's core area of business.

Rather than securing investment for productive sectors of the economy, the financial industry has become adept at securing investment in itself.

Investment policies should extend to both domestic and foreign direct investment.

Mr. Darmawan Djajusman, Director of Investment Deregulation, Investment Coordinating Board, Indonesia

The investment policy reviews and investment guides produced by UNCTAD had been valuable in improving the investment policy environment in those countries.

Instead, the main threat to the long term sustainability of energy supplies is the mismatch between investment in additional capacity and energy infrastructure, on one hand, and growth in demand for energy on the other.

A World of Underinvestment

Why Public Investment?

Investment, enterprise and technology

The China Investment Challenge

The Quest for Investment

Foreign direct investment

Investing in development