Economic Reporter :
Foreign Direct Investment (FDI) has an important role to play in helping to achieve the United Nations (UN) Agenda, Sustainable Development Goals (SDGs) by 2030, observed International Chamber of Commerce-Bangladesh (ICCB) at its current news bulletin (April-June 2019).
“FDI is the most viable method of wealth and technological transfer between the developing and the developed countries of the world,” according to the bulletin released on Tuesday.
FDI is considered to be the most powerful international mechanism for mobilizing tangible and intangible assets that are essential for growth and development, the bulletin said.
Global flow of FDI continued their slide in 2018, falling by 13 per cent to US $1.3 trillion. The decline – the third consecutive year’s fall in FDI – has been mainly due to large-scale repatriations of accumulated foreign earnings by United States multinational enterprises (MNEs) in the first two quarters of 2018, following tax reforms introduced by Trump administration at the end of 2017.
Over the past 30 years, the nature of international business investment in developing countries has evolved beyond a relatively narrow focus on the extractive industries (UNCTAD, 2007) to become one of the cornerstones, along with trade, of global value chains (GVCs).
Many developing countries are now involved in the production of increasingly sophisticated goods and services that feed into the integrated international production networks of multinational enterprises (MNEs), and a growing middle class, especially in the upper middle-income countries, has underpinned increases in market seeking investments.
Foreign Direct Investment (FDI) has an important role to play in helping to achieve the United Nations (UN) Agenda, Sustainable Development Goals (SDGs) by 2030, observed International Chamber of Commerce-Bangladesh (ICCB) at its current news bulletin (April-June 2019).
“FDI is the most viable method of wealth and technological transfer between the developing and the developed countries of the world,” according to the bulletin released on Tuesday.
FDI is considered to be the most powerful international mechanism for mobilizing tangible and intangible assets that are essential for growth and development, the bulletin said.
Global flow of FDI continued their slide in 2018, falling by 13 per cent to US $1.3 trillion. The decline – the third consecutive year’s fall in FDI – has been mainly due to large-scale repatriations of accumulated foreign earnings by United States multinational enterprises (MNEs) in the first two quarters of 2018, following tax reforms introduced by Trump administration at the end of 2017.
Over the past 30 years, the nature of international business investment in developing countries has evolved beyond a relatively narrow focus on the extractive industries (UNCTAD, 2007) to become one of the cornerstones, along with trade, of global value chains (GVCs).
Many developing countries are now involved in the production of increasingly sophisticated goods and services that feed into the integrated international production networks of multinational enterprises (MNEs), and a growing middle class, especially in the upper middle-income countries, has underpinned increases in market seeking investments.
