Professor Yoon (center) and others at the UNITAR conference in Japan.
Participants at the UNITAR conference in Hiroshima, Japan.
The United Nations Institute for Training and Research (UNITAR) and the Stillman School of Business held a training workshop on "Foreign Direct Investment for Development Financing" in Hiroshima, Japan. Forty-one participants from 26 countries of the Asia-Pacific region attended the five-day event.
High-level officials from government organizations such as ministries of finance, commerce or foreign affairs, investment promotion boards, economic sections of Embassies of Asia-Pacific countries in Japan and planning agencies were joined by experts in economics, finance, marketing, law and international economic cooperation.
Representing the Stillman School were Yeomin Yoon, Ph.D., professor of finance; Richard J. Hunter, Ph.D., professor of legal studies; Héctor R. Lozada, Ph.D., associate professor of marketing and director of the Institute for International Business; and graduate students Christopher Kisco and Russell Dover (both pursuing the M.B.A./M.A. in diplomacy and international relations).
The workshop focused on the requirements for successfully attracting foreign direct investment (FDI) to developing countries of the Asia-Pacific region. The program also provided an in-depth analysis of global economic trends, with particular reference to investment and cross-border financial flows and strategies for sustainable economic development.
Specific topics included:
- attracting FDI to developing countries in the Asia-Pacific region;
- FDI as a tool to finance development;
- globalization and global standards of operations;
- marketing a country to attract FDI; and
- financing mega infrastructure projects.
Participants completed team exercises and analyzed case studies that simulated policy considerations. Negotiation techniques were also practiced.
In addition, the workshop agenda included study-visits to Hiroshima’s historical and cultural landmarks such as the Peace Memorial Park and Museum and the Itsukushima Shrine. Attendees also visited Mazda Motor Corp. and Molten Corp. to better understand business life in Hiroshima.
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