Opportunities For Foreign Investment And Essay Research

Opportunities For Foreign Investment And Essay, Research Paper

Minister of Labor and Social Affairs of Germany- Dr. Norbert Blm

Opportunities for Foreign Investment and Cooperation and Domestic Development

NARRATIVE

The change on the world’s political stage that followed the collapse of the Eastern bloc have brought about fundamental changes in the framework in which development and development cooperation take place. The realization that a market-oriented, social economic order and a society built on the basis of popular participation in the political process, has rapidly gained ground worldwide. This consensus opens up new opportunities for international cooperation. Development policy is no longer surrounded by geo-strategic considerations. Rather today it is oriented to the conditions which are crucial to developmental success.

The world is going through a process of economic, ecological and cultural globalisation which makes international cooperation quite essential. The problems of survival in the world can only be addressed by common but differentiated responsibility and a global partnership for development. Germany.s partner countries are developing at increasingly varied paces. A new cultural and political consciousness in many societies, positive growth in dynamic regions, persistent poverty and an increasing number of civil conflicts, all call for new and different responses in development policies.

As a result of the considerable rise in investments in economically successful partner countries, the ratio between flows of private capital and public funds deployed for development has shifted.

A number of developing countries have managed to integrate into the world economy. With growth rates clearly outpacing those of the industrial countries, they have formed new ‘poles’ of development within the global economy and have assumed considerable weight, either as competitors or in terms of demand. Against this background, the scope and opportunities for international cooperation – also for development – have widened significantly. Additional tasks have accumulated in the form of a new category of partners, the transition countries in Eastern Europe and the former Soviet Union. These countries are expecting particular support from Germany above all.

COOPERATION POLICY AIMS

The aim of Germany’s development policy is to improve the living conditions of people, particularly of the poorer sections of the population in partner countries. Germany will strive to maintain Metternich.s .balance of power. by providing equal chances of realization to developing countries. Germany will attempt to tighten the economic gap between those countries working on the process of development and those countries which have reached a stable economical state. Thus, Germany.s development policy will initiate various programs for student exchange between schools and universities located in developing countries. Admission to local universities for students of the Third World countries will be facilitated and numerous financial promotions will be granted. At the same time, however, the exchange of students and training of personnel will follow the guidelines of Germany.s foreign policy. In more loose terms – Germany will not initiate any activity of development and cooperation policies in countries, that its foreign policy forbids. At no time will the development policy question decisions concerning aspects off its scope of action. Russia, China, Egypt, Saudi Arabia will be offered the chance to participate in various exchange programs. Iraq, however, will not be offered such a program until the foreign policy permits such an investment. The reason of Germany.s position concerning Iraq rests on the current conflict regarding the refusal to allow US weapon inspectors to investigate Iraq.s .mass destruction. weapons. If Germany overlooks the fact of Iraq.s insubordination to NATO restrictions, and pursues a policy of aid, Germany could seriously harm the chances of being admitted in UN Security Council.

The guiding principle is a globally sustainable development which guarantees opportunities for development for today’s generation without limiting the chances of future generations. For globally sustainable development to be achieved, three concerns are central: productive economic growth, social justice and ecological sustainability (SOURCE HTTP://...). Development cooperation supports the realization of these three goals in partner countries by helping to alleviate poverty, promote economic growth through private-sector development and protect vital natural resources. The aim of globally sustainable development can only be achieved if industrial countries also implement necessary reforms and structural adjustments at every level. Cooperation efforts with Germany.s partners must therefore be complemented by coherent policies at home.

POLICY MOTIVES

The main motives behind Germany’s development and cooperation policy are a sense of ethical, humanitarian and political responsibility beyond the national borders. Germany, of course, has a keen interest in the preservation of vital national resources and defense against global threats. Global environmental protection has become a personal concern for many people today. When development cooperation addresses the causes of climate change and the destruction o