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Tuesday, March 26, 2013

United States Urged to “Think Asia, Think Hong Kong"

HKTDC’s Largest US Services Promotion Set for June
in New York and Los Angeles

March 26, 2013 – The largest Hong Kong promotion ever to take place in the United States will be held this summer to showcase Hong Kong’s advantages for American companies looking to tap new business opportunities in Asia, particularly on the Chinese mainland.

“Think Asia, Think Hong Kong” will feature symposiums in New York and Los Angeles, June 11 and 14 respectively. Speakers will include CY Leung, Chief Executive of the Hong Kong SAR Government, and more than 60 prominent senior executives from global companies. The event is organised by the Hong Kong Trade Development Council (HKTDC), with support from 14 Hong Kong partners and close to 100 US organisations.

Monday, March 25, 2013

UNCTAD report: The Rise of BRICS FDI and Africa

UNCTAD (United Nations Conference on Trade and Development) today published a special edition of its Global Investment Trends Monitor on The Rise of BRICS FDI and Africa. The original BRIC definition excluded South Africa, but it has very sensibly now been put in, hence the capital "S".

Here's what's in the report and how to access the whole thing online:

Does FDI promote economic growth?

Is FDI a good thing?

Almost every country in the world has an investment promotion agency to attract foreign direct investment (FDI). Countries lacking basic facilities crave FDI to build them. And the most developed economies continue to absorb massive quantities of FDI. So FDI is generally viewed positively, as contributing to economic development and job growth.

But does it? An alternative view is that FDI "crowds out" domestic investment, for example by monopolizing whole sectors of the economy or by discouraging domestic innovation.

This blog post summarizes a study that was conducted in 1997 but which is still highly relevant. It suggests that FDI can play a positive role in promoting growth, but only under certain conditions which can be affected by government policy actions.

Sunday, March 24, 2013

Follow @GrowingCapacity on Twitter

There isn't room on this blog to include all the many useful and interesting articles and movies on investment for development and related topics produced by other people.
Doing so would take for ever and make the blog difficult to navigate.
Instead, I put links to them into tweets several times a day.
If you want to be sure of seeing these tweets, just follow @GrowingCapacity on Twitter.
That way you can be sure of not missing many items you might otherwise overlook.

Friday, March 22, 2013

2013 OECD China Economic Survey

The OECD is currently launching its 2013 China Economic Survey. This is the third survey, the first was published in 2005 and the second in 2010.

This year's survey focuses on five policy areas:

  1. Financial sector reform
  2. Competition and innovation
  3. Inclusive urbanisation
  4. Relations between levels of government
  5. Greening growth
In this post, I give you a candid assessment of this report based on my years of experience at the OECD working directly with the Chinese government. At the bottom I give you a link so you can read the whole report free of charge.

VIDEO: 2013 Human Development Report: The Rise of the South launched

Human Development Report 2013 from UNDP on Vimeo.