Under the Patronage of
Vice-President and Prime Minister of the UAE and Ruler of Dubai
Mario Cimoli is the Deputy Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC). He was appointed in that position on August 1st, 2018. He is also Chief of the Division of Production, Productivity and Management and Officer-in-Charge of the Division of International Trade and Integration. He is the co-chair (along with Giovanni Dosi and Joseph Stiglitz) of two of the task forces (industrial policy and intellectual property right regimes for development) of the Initiative for Policy Dialogue at Columbia University (New York). A PhD in economics from the University of Sussex, his research deals with development paths, economic growth and its relationship with the productive structure, and international trade. His work examines the interconnections between industrial policy, technological development and innovation. His most important publications include Learning, Technological Capabilities and Structural Dynamics (2011); Innovation and Economic Development: the Impact of Information and Communication Technologies in Latin America (2010); Industrial Policy and Development, The Political Economy of Capabilities Accumulation (with Dosi, G. and J. E. Stiglitz, 2009); and Institutions and policies in developing economies (with Dosi, G., R. R. Nelson, and J. E. Stiglitz, 2009).
11:10 - 12:00
Global Leaders Debate: Part 2 – Investing for the Future: Shaping Global Investment Strategies
Global foreign direct investment (FDI) flows slid by 13% in 2018, to US$1.3 trillion from $1.5 trillion the previous year – the third consecutive annual decline, according to UNCTAD’s World Investment Report 2019.
We are witnessing a global slowdown of the economy, with many countries being more conservative and restricting the inflow or the outflow of FDI. The Geopolitics is hampering the growth of FDI. Globalisation is running out of stem, and a new term is being coined called “Slowbalisation”.
The Global Leaders Debate will discuss the future investment trend and how is it impacting FDI, SMEs, Startups and Future Cities.
The high-level panel will convene heads of state, academia, heads of international institutions, leaders from multinational organisations, leading unicorns and investors from developing and mature economies.
10:00 - 12:00
Latin America Business Forum/Latin America Regional Focus Session
Led by: United Nations Economic Commission for Latin America and the Caribbean (ECLAC)
Foreign direct investment to support the infrastructure for the future
The development of infrastructure, transport, logistics, telecommunications and digital infrastructure, and the growth of renewables energies, attracted large amounts of foreign direct investment in countries in Latin America and the Caribbean. Moreover, the development of smart cities offers great opportunities in a region that has a major share of population living in urban areas. Countries should develop incentives and policy frameworks that help them to attract and sustain high quality investments in these areas, in the sense that those investments will help the countries in the achievement of the goals of the Agenda 2030. In this session, high level representatives from governments and business from Latin America and Caribbean countries, and experts from the Economic Commission for Latin America and the Caribbean (ECLAC) from the United Nations, will present information about the latest investment trends in the region in energy and infrastructure, and discuss the opportunities and challenges for investors interested in developing the infrastructure for the future.