As official foreign aid is declining throughout the world, foreign investment is becoming increasingly important as a development tool. Public concern about global corporations give developing countries greater leverage with both global firms and their local suppliers. With the right public policies (which can include tax, investment and procurement policies as well as labor and environmental policies), developing countries can channel growing public concern about globalization into a partnership with business, civil society, and citizens. Over time, such a partnership may promote growth that improves not just the standard of living, but the quality of life for more of the world’s peoples.
You should be able to view web pages in your web browser (Internet Explorer, Netscape, etc.)
