The Conditions for Investments
At the World Investment Forum 2010, Dr.Supachai Panitchpakdi, Secretary General of the UN Conference on Trade and Development or UNCTAD, spoke of the importance of investment to economic growth and the need to ensure that investment leads to sustainable development. One of the points Dr.Supachai stressed is that while investment can bring about development, the process is not automatic. Three articles in this issue have relevance to this theme. The first looks at some measures that would facilitate Indias Look East Policy, a move to achieve economic integration by encouraging more trade with investments from Southeast Asia. The second examines the effect of foreign direct investments or FDI on the economic growth of 15 East Asian countries. The third analyzes the dynamic effects of proportional change between 1995 and 2004 of government spending in three areas, namely, defence, education and economic service - on Thailands economic growth...
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