Towards a forward-looking and policy-orientated research agenda

As the global economy recovers from a series of crises, the role of foreign direct investment (FDI) in creating sustainable and inclusive growth is more important than ever. This is even more so in light of the contribution FDI can have in addressing global challenges, such as combating climate change and pursuing the Millennium Development Goals (MDGs). However, today, investment stakeholders and policy makers worldwide lack a clear vision and coherent policy framework for promoting responsible investment. This is aggravated by a lack of understanding about, and reliable data on, the sustainable development contributions of FDI. This essay highlights a series of issues for further research with a view to fostering the theoretical, analytical and empirical bases needed for developing a coherent policy framework that effectively promotes responsible investment.