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Asia-Pacific Development Journal

The Asia-Pacific Development Journal (APDJ) is published twice a year by the United Nations Economic and Social Commission for Asia and the Pacific. The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and aims to stimulate policy debate and assist policy formulation. The APDJ provides a scholarly means for bringing together research work by eminent social scientists and development practitioners from the region and beyond for use by a variety of stakeholders. The Journal aims to stimulate policy debate and assist policy formulation in the region.

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Changing role of the public sector in the promotion of foreign direct investment

Foreign direct investment (FDI) is one of the key drivers of globalization. The challenge for developing countries is to tap FDI in a way that promotes their long-term development objectives. Governments of developing countries need to go beyond offering a “passive open door” regime for FDI to one that positively enhances required human resource skills for the absorption of FDI. In that regard, Governments, through the public sector, need to create a conducive policy environment that enables FDI to contribute towards enhancing the international competitiveness of the host country on the basis of a dynamic development of comparative advantage.

English

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