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UN trade group report paints "comforting picture" of global investment
Recent policies by industrialized nations have helped to facilitate investment even as the global economic crisis continues, according to a new study from the UN Conference on Trade and Development know as UNCTAD.
foreign investment pic
It finds that G 20 countries, important developing economies, have mostly refrained from taking policy measures which are restrictive to investment whether at home or abroad. They have instead developed economic stimulus packages and other bail out measures, and removed caps on foreign investment in certain sectors of the economy.
UNCTAD notes that foreign investment is important in financing recovery from the crisis, and for growth and stability in both developed and developing countries.
And while it described the report as painting a "comforting picture," UNCTAD warned against complacency which it said could lead to "smart protectionism" and even "economic nationalism."
Dianne Penn, United Nations Radio.
(duration: 55")
