World Investment Forum has announced its curtain-up in Ghana's capital Accra with an agenda on the opportunities and challenges facing the world in the future in investment and development.
Dr. Supachai Panitchpakdi is director general of the United Nations Conference on Trade and Development or UNCTAD, which sponsored the forum.
"The forum is a new model of investment, which brings together investment, stakeholders, investors, invest promotion officials and invest policy makers. It provides a forum to discuss and analyze from different perspectives the opportunities and challenges we can expect to face in the future, in investment and development."
The representatives of developing countries have had warm discussions on how to boost economy through attracting more investment. The host country's financial and economy planning minister Nana Juaben-Boaten Siriboe says that Ghana is working hard on human resources development.
"We are presently looking at trying to improve our technical middle man power education. Because for you to be able to attract investment to come to your country, they need to see the ability of human capital, and this is what we are doing.”
Regarding the trade protectionism of many developed countries, Supachai, director general of the UNCTAD, suggests that developing countries should make cross-border investment between each other.
"In many larger developing countries in particular, indigenous companies are reaching to credible mark to become global players. Among the most important effects of that rise has been the cross-border investment within the developing world. This so-called "south -south" FDI is hastening regional economy integration."
Supachai also says China has set a good example in attracting foreign investment.