A FAIR GLOBALIZATION: CREATING OPPORTUNITIES FOR ALL phần 8

Chúng tôi tin rằng những nỗ lực sau đó cần được tăng cường để tìm một diễn đàn thường đồng ý, trong đó để làm việc ra một khuôn khổ phát triển cân bằng cho FDI, có lẽ bắt đầu với một "Đối thoại Chính sách phát triển" của các loại hình đề xuất trong phần IV. | Private capital flows need to be spread more widely Private capital flows to low-income countries 473. Cross-border investments have grown very rapidly. Today 75 per cent of net capital flows to developing countries are private. However as we saw in Part II poorer developing countries do not appear to have benefited much from financial globalization. Private capital flows remain concentrated in a small number of mostly middle-income countries. 474. How private capital can be attracted and contribute to development was discussed in previous sections. Section argues the need for governments to invest in skills infrastructure and institutions and to understand the motivations of private investors. Section suggests the need for a development-friendly multilateral framework of rules for investment. These two elements should be supported by more public-private initiatives and institutions such as country investment guides common principles and investment routes. The latter can include global investment funds which channel resources to start-ups micro-credit initiatives and socially responsible projects. The large number of successful socially responsible investment initiatives 87 suggests that this is a promising route and more effort should be devoted to developing ways for them to channel resources to low-income countries. The complementarities between private and public capital flows also need to be on the agenda. 475. Good data on social and environmental sustainability are important too. Ratings agencies emphasize economic rather than socio-political indicators and it is desirable to broaden assessment criteria to get a more accurate picture of longterm prospects and stability as is attempted for example in the Calvert-Henderson index or the Wealth of Nations Triangle index of the Money Matters Institute. 88 Achieving key goals 476. At the Millennium Summit Heads of State and Government agreed to work together to build a safer more prosperous and .

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