Helping international investment and trade in developing countries
A model developed by researchers at the University of Bradford which aims to accelerate international trade for developing countries has been adopted by the G20 group of finance ministers.
Successful international investment and trade is viewed by the United Nations as a main driver of growth in both developing countries and countries with transitional economies. The research carried out at Bradford has led to the development and adoption of international policy tools in two areas of foreign investment – agriculture and value chain – helping build successful, long-term business relationships between foreign enterprises and developing countries.
The Foreign Direct Investment (FDI) model captures the complexity of the effects of foreign investment in the short, medium and long term on developing countries. The FDI model was used in the formation of international policy tools adopted by the G20 finance ministers and central bank governors in 2010.
The model has been used in various contexts, including in the formulation and research on Principles for Responsible Agricultural Investment (PRAI) - a framework aimed at ensuring that investment in agriculture in developing regions, such as Africa and South East Asia is beneficial overall. Similarly, a methodology to Measuring and Maximising Economic Value Added and Job Creation from Private Investment in Specific Value Chains (IMMEV) is being used to support the G20’s development ‘pillar’ and has been implemented in six countries: Bangladesh, Cambodia, Dominican Republic, Laos, Mongolia and Mozambique.
Professor Hafiz Mirza of the Bradford Centre for International Business in the School of Management is currently seconded to the United Nations Conference on Trade and Development (UNCTAD) as Chief of Investment Issues Research - a culmination of the long-term engagement between Bradford researchers and transnational policy organisations. The UNCTAD motto is ‘Think, Debate, Deliver’ and Professor Mirza’s role includes work on economic development impact, linking to related work throughout the UN system including its sister organisations such as the World Bank.
For more information on this type of research visit Centre for Applied Research in Accounting, Finance and Economics.
- Professor Hafiz Mirza