The North-South Institute



Canadian Development Report 2004


Canadian Development Report 2004

Published: November 20, 2004

Investing in poor countries: Who Benefits?

In this seventh edition of the Canadian Development Report, international experts explore the impact of Private foreign investment on the poorest developing countries. This volume explains why private foreign investment and its relationship to other forms of financing for development (aid, foreign debt, domestic savings) has been the focus of attention within the context of NEPAD, Monterrey, the Millennium Development Goals, and the Global Compact.

CDR 2004 poses key questions related to PFI: Can private foreign investment help poor countries finally escape the poverty trap? Will foreign investment largely replace foreign aid, or can they work together to magnify the impact on growth and development? What is the impact of PFI on the environment, on conflict, on public-private partnerships, and on policies related to privatization?

The CDR 2004 includes three chapters which provide information and debate on PFI. The first, Private Foreign Investment: Part of the Problem or Part of the Solution?, by Roy Culpeper, President of The North-South Institute, examines in detail factors which impact on the poorest countries – “countries facing both the greatest need for external resources and the most formidable challenges of development.” Chapter Two, by Matthew Martin with Cleo Rose-Innes, both of Development Finance International, is entitled Private Capital Flows to Low Income Countries: Perception and Reality. The final chapter, by Oswald Mashindano of the University of Dar es Salaam is The Case of Tanzania, which tracks the potential benefits of foreign investment for the population of that country. The volume is eloquently introduced in a Foreword written by David Behena of the Bank of Uganda.

In addition, the 2004 CDR includes up-to-date statistics and analysis related to social and economic indicators of developing countries along with statistics regarding the Canadian government’s trade-related involvement with developing countries.

The CDR 2004 is a valuable reference tool for students, analysts, policy-makers and others with interests in development and, more specifically, in private foreign investment and its ramifications. The edition is available in both English and French.
ISBN 1-896770-63-0 (Also available in French, Rapport canadien sur le développement 2004 – ISBN 1-896770-64-9)
The chapters of the CDR 2004 are available for viewing (PDF): [Table of Contents], [1], [2], [3], [Statistics 2004]