Foreign direct investment in Southeast Asia: - Regional Office China

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Foreign direct investment in Southeast Asia: - Regional Office China

components of the integrated global factory. In respect of both theseapproaches, the importance of IPAs being open and generous withinformation in order to reduce uncertainty and encourage extant investors todo investment promotion cannot be over emphasised.The uniqueness of UNIDO’s capacity-building network of Investment andTechnology Promotion Offices (ITPOs) located internationally was illustrated.Through institutional mechanisms for strengthening partnerships, ITPOsenable investors in OECD countries and emerging markets to link up withinvestment opportunities in developing countries. The flagship service -- theDelegate Programme -- in which investment promotion professionals fromdeveloping countries spend time in ITPOs is available to all UNIDO memberstates. The Delegate Programme enables IPA professionals to apply thetechniques of investor targeting in situ within the source countries of FDI.The importance of business networking, developing professional approachesto investor selection and capacity-building are the hallmarks of the UNIDOITPO Delegate Programme.Commentary and discussionFrank Bartels commented that the ITPO (public good) service provided byUNIDO to developing countries should be seen as a strategic facility whichcould extend the capacity of most IPAs. The enabling services from UNIDOshould be viewed as a means of leveraging the national resources availableto IPAs. And in participating in the Delegate Programme, the quality ofpreparation -- itself an indication of commitment and capacity-building -- wasof crucial importance.The importance of integrating investment promotion with domestic industryupgrading programmes was pointed out as of vital significance to promisinglocal companies, especially considering the industrial organisation ofdeveloping countries which depends overwhelmingly on SMEs.43

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