This is the 2nd workshop organized by Asian Development Bank Institute in cooperation with S. Rajaratnam School of International Studies of Nanyang Technological University and the Ministry of Foreign Affairs of Singapore to share successful experiences of East Asian economies with other regions of the Asia-Pacific. This year workshop will address the issues related to attracting FDI and the development mutually beneficial strategies of MNEs.
In the last several decades developing Asia has become a major destination for foreign investments. However the distribution of FDI in the region is not homogenous. In terms of actual FDI flows, East and Southeast Asian countries are receiving a lion's share of investment in the region, while other sub-regions are not. Although it is not easy to define the right combination of policies and other factors which would encourage or discourage FDI inflows to a particular country, certain measures are clearly crucial to attract FDI.
Institutional aspect is a fundamental component of successful policy in attracting and managing FDI. Such factors as regulation, bureaucratic procedures, political and judicial environments are the most important determinants of capital flows to economy. Since FDI is viewed as important source of growth a strong institutional base is critical point to maximize the positive effect of investment and minimize the negative impact of volatile nature of capital flows. Legal aspect and regulation are two main pillars of institutional betterment of investment climate and policy as well. Clear rules and good governance infrastructure may attract foreign investment, and on other hand poorly designed legislation can bring additional costs to FDI.
An understanding of the strategies of Multinational Corporation or Multinational Enterprises (MNE) in East Asia could be useful for other region such as South Asia, Central Asia and Mekong countries. Collaboration between MNE's and local governments would be a good strategy. It would enhance economic growth and reduce uncertainties, as well as provide opportunities for as transfer technology and productivity spillover.
To discuss these issues the workshop includes following sessions: (i) successful experiences of East Asia in attracting FDI (ii) strategies of MNE's in East Asia (iii) role of government in attracting FDI, and (iv) challenges faced by South Asia, Central Asia and Mekong countries in attracting FDI.
- Exchange of experiences on policies attracting and managing FDI in South Asia, Mekong Countries and Central Asia countries.
- Improved capacity of government officials from South Asia, Mekong Countries and Central Asia countries on issues related to attracting FD to these countries;
- Presentation materials from the workshop will be disseminated through ADBI website to all participants for future reference.
Target of this workshop is to gather 15 mid to senior Government officials from the SAARC member countries (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka will be invited in this event. Several representatives from the Mekong Countries (Cambodia, Lao PDR, and Myanmar) and from Central Asia (Kazakhstan, Kyrgyz Republic, Tajikistan, and Mongolia) will be invited as well. Most countries will nominate one government officer from the ministry or agency related to development of foreign investment.
To make a country presentation.
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