UNCTAD Report Calls for a Shift in Foreign Investment towards Job Growth and Diversification in Poor Countries

Foreign Direct Investment (FDI), long held up as a panacea for world poverty, has been an utter failure in job generating potential for the poorest countries. Economists working for UNCTAD have issued a report that voices concern over the overall lack of integration in global value chains for the least developed countries (LDCs). FDI should be invested in diversifying economies and aim to train skilled workers. Additionally, projects should focus on solving social and environmental issues, and not mere profit taking...More