Foreign Direct Investment for Development - OECD

Foreign Direct Investment (FDI) is an integral part of an open and effectiveinternational economic system and a major catalyst to Development . Yet, thebenefits of FDI do not accrue automatically and evenly across countries, sectorsand local communities. National policies and the international investmentarchitecture play an important part in attracting FDI to a larger number ofdeveloping countries. It is the responsibility of the host countries to put in place atransparent, broad and enabling Investment policy environment and to reinforcethe human and institutional potentials necessary for such an environment. With most FDI flows originating in OECD countries, developed countries cancontribute to advancing this agenda. They can facilitate the access of developingcountries to international markets and technology, and ensure policy coherence fordevelopment more generally; encourage non-OECD countries to integrate furtherinto rules-based international frameworks for Investment ; actively promote theOECD Guidelines for Multinational Enterprises, together with other elements of theOECD Declaration on International Investment ; and share with non-members thepeer review-based approach to building Investment capacity.

review of the issues related to the impact of FDI on development covering aspects such as economic growth, technology transfer, human capital, competition, corporate governance and environment. It reviews the policies needed to maximise the benefits. It is to be released in October 2002. OVERVIEW OVERVIEW Foreign Direct Investment for Development

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