World Investment Report 2003

FDI Policies for Development - National and International Perspectives

image of World Investment Report 2003

This Report is recognized worldwide as an authoritative source of information and analysis on Foreign Direct Investment (FDI). This year’s Report looks in detail at the forces behind the continued decline in FDI globally. It evaluates how the various regions and countries fared and forecasts the chances for recovery and growth at the global and regional levels. The Report also assesses the interaction between national and international FDI policies and examines implications they have on development. It concludes by highlighting the key issues, from the perspective of development, that must be considered in investment agreements.



The importance of national policy space

The preceding analysis revealed that IIAs need to accommodate different perspectives on the policy priorities in the investment process. The common goal, shared by all parties to IIAs, is to increase the flows of FDI. In addition, home countries (and their investors) seek transparency, stability, predictability and security—and greater market access. And host developing countries, for their part, want to advance their development by increasing the benefits from FDI. To do so, they need to have enough flexibility to use a range of development-oriented policies. In the final analysis, IIAs have to be acceptable to all parties, many in different development situations with widely differing endowments. IIAs therefore need to strike a mutually advantageous balance of rights and obligations between the diverging interests and priorities of various groups of countries.


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