Foreign direct investment in Southeast Asia: - Regional Office China
Foreign direct investment in Southeast Asia: - Regional Office China
Foreign direct investment in Southeast Asia: - Regional Office China
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components of the <strong>in</strong>tegrated global factory. In respect of both theseapproaches, the importance of IPAs be<strong>in</strong>g open and generous with<strong>in</strong>formation <strong>in</strong> order to reduce uncerta<strong>in</strong>ty and encourage extant <strong>in</strong>vestors todo <strong><strong>in</strong>vestment</strong> promotion cannot be over emphasised.The uniqueness of UNIDO’s capacity-build<strong>in</strong>g network of Investment andTechnology Promotion <strong>Office</strong>s (ITPOs) located <strong>in</strong>ternationally was illustrated.Through <strong>in</strong>stitutional mechanisms for strengthen<strong>in</strong>g partnerships, ITPOsenable <strong>in</strong>vestors <strong>in</strong> OECD countries and emerg<strong>in</strong>g markets to l<strong>in</strong>k up with<strong><strong>in</strong>vestment</strong> opportunities <strong>in</strong> develop<strong>in</strong>g countries. The flagship service -- theDelegate Programme -- <strong>in</strong> which <strong><strong>in</strong>vestment</strong> promotion professionals fromdevelop<strong>in</strong>g countries spend time <strong>in</strong> ITPOs is available to all UNIDO memberstates. The Delegate Programme enables IPA professionals to apply thetechniques of <strong>in</strong>vestor target<strong>in</strong>g <strong>in</strong> situ with<strong>in</strong> the source countries of FDI.The importance of bus<strong>in</strong>ess network<strong>in</strong>g, develop<strong>in</strong>g professional approachesto <strong>in</strong>vestor selection and capacity-build<strong>in</strong>g are the hallmarks of the UNIDOITPO Delegate Programme.Commentary and discussionFrank Bartels commented that the ITPO (public good) service provided byUNIDO to develop<strong>in</strong>g countries should be seen as a strategic facility whichcould extend the capacity of most IPAs. The enabl<strong>in</strong>g services from UNIDOshould be viewed as a means of leverag<strong>in</strong>g the national resources availableto IPAs. And <strong>in</strong> participat<strong>in</strong>g <strong>in</strong> the Delegate Programme, the quality ofpreparation -- itself an <strong>in</strong>dication of commitment and capacity-build<strong>in</strong>g -- wasof crucial importance.The importance of <strong>in</strong>tegrat<strong>in</strong>g <strong><strong>in</strong>vestment</strong> promotion with domestic <strong>in</strong>dustryupgrad<strong>in</strong>g programmes was po<strong>in</strong>ted out as of vital significance to promis<strong>in</strong>glocal companies, especially consider<strong>in</strong>g the <strong>in</strong>dustrial organisation ofdevelop<strong>in</strong>g countries which depends overwhelm<strong>in</strong>gly on SMEs.43