Permanent Representative of

Outward FDI from developing countries

The latter have made important efforts to attract FDI as a tool for accelerating development.

Trends 5

With a few exceptions, clusters so far tend to be underdeveloped in developing countries.

The lack of such resources hampered the development of developing countries.

Deputy Director (International Development), Department of Foreign Affairs

To what extent are developing countries directing more FDI to other developing countries?

In addition, there was a broad agreement that development was the shared responsibility of both developed and developing countries.

Emerging FDI from developing countries

Outward FDI from developing countries is highly concentrated.

Policy trends concerning FDI from developing countries

Nearly 40 per cent of the FDI stock in developing Asia originates from Asian developing countries.

Foreign direct investment from developing countries to other developing countries seems to be growing more rapidly than that from developed to developing countries.

Furthermore, the international community should make concerted efforts to channel foreign direct investment towards the sustainable development of developing countries and help those countries to build up their domestic resource mobilization capacity.

Some experts mentioned the potentially positive role of home countries in promoting FDI in R D in developing countries, for instance by reducing the risks faced by TNCs when conducting R D activities in foreign developing countries.

Policy trends concerning FDI from developing countries 15

Enterprise development was important in the development process but also depended on factors other than a country s level of economic development, such as foreign investment, external resources and access to technology and international markets.

However, as it applies to FDI in general, the potential of outward FDI from developing countries to contribute to enterprise development in host developing countries cannot be realized automatically, and the issue of how developing countries can take advantage of the increase of FDI from other developing countries needs to be further addressed from a policy perspective.

62 186. External debt and development towards a durable solution to the debt problems of developing countries

This draft report is a provisional text circulated for clearance by delegations.

Economic development in Africa The role of foreign direct investment in growth and development

Landlocked developing countries therefore needed an increase in ODA and FDI.

Recent trends in FDI have highlighted the emergence of FDI from developing countries, particularly but not only from Asia.

The developed countries should adopt concrete measures to help developing countries, inter alia, by providing additional development funds and easing conditions for debt relief.

Furthermore, in addition to the eight Millennium Development Goals adopted by the United Nations, our Government has adopted landmine clearance as an additional Millennium Development Goal for Cambodia.

The impact of FDI on development

INTERNATIONAL DEVELOPMENT COOPERATION DEPARTMENT (IDC) of the Ministry of Foreign Affairs of Greece

1. External debt of developing countries, 1996 1997

Economic development in Africa The role of foreign direct investment in growth and development

Economic development in Africa The role of foreign direct investment in growth and development

Estimates of South South FDI can be obtained by using information from home developing countries (on the destination of their outward FDI) or from host developing countries (on the source of their inward FDI).

and overseas

49. External debt burden continues to be a constraint to many developing countries, especially in Africa and the least developed countries.

Macroeconomic policy questions trade and development financing of development, including net transfer of resources between developing and developed countries commodities external debt crisis and development

Over the past 15 years, FDI outflows from developing countries have grown faster than those from developed countries.

OFDI needs to be regarded as part of a developing country's strategy.

Financial flows for development, including a durable solution for the external debt problems of the developing countries

Rough estimates, however, suggest that outward FDI from developing countries in other developing economies is increasing.

Countries' liberal foreign exchange has also contributed to OFDI by developing country firms.

Overall, the trade of outsourced services is taking place between developed and developing countries, as well as within each group, with developing countries strongly involved in the rise of outsourcing.

In addition, what was meant by a developing country ?

Furthermore, space technology curricula relating to national programmes for sustainable development in developing countries should be introduced through universities.

The International Conference on Financing for Development had reaffirmed the need to increase aid and trade and to reduce the external debt of the developing countries, which must themselves introduce domestic reforms in order to encourage foreign direct investment.

Interest payments on the external debt of developing countries now exceed total official development assistance.