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UNCTAD Division on Investment and Enterprise
The Division on Investment and Enterprise (DIAE) is a research and policy practice centre of the United Nations Conference on Trade and Development (UNCTAD) whose work focuses on investment and enterprise with a particular view on development. The Division's overarching mandate is to steer sustainable development and inclusive growth objectives through investment and enterprise development, productive capacity-building, industrialization and economic diversification. Its work programme is tailored to serve all UN member States, with a particular emphasis on the needs of least-developed and other structurally weak and vulnerable economies.
== History ==
Prompted by a marked rise in cross-border investment activity, the UN in 1974 set up a permanent intergovernmental forum to deliberate on issues related to transnational corporations (TNCs), notably their developmental impact. The initial focus of the United Nations Centre on Transnational Corporations (UNCTC) was to contain the political and economic influence of TNCs. Over time a more nuanced approach evolved, which factored in the positive contribution TNCs can make to development. Analytical work thus expanded to cover strategies for attracting foreign direct investment (FDI) and harnessing such flows for growth, employment and poverty alleviation.
The launch of the Uruguay Round of Multilateral Trade Negotiations – which brought trade-related investment measures and trade-related aspects of intellectual property rights into the trade negotiation ambit – added another dimension to the UNCTC's work as it assisted developing countries to formulate negotiation positions on these new issues. In 1993 the TNC programme was brought under the auspices of UNCTAD. With an expanded work programme that includes investment and enterprise development issues at large, it is now formally known as the Division on Investment and Enterprise, with offices in Geneva.
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