Public and private Investment in Economic Development

nternational Chamber of Commerce has consistently stressed the essential role private international investments have to play in the economic development of the world. It has found growing recognition of this in government circles and particularly in the debates within the United Nations. It feels, however, that there would be a far greater measure of agreement if the real issues involved were more clearly understood. The ICC has therefore asked its Com mission on Foreign Investments and Economic Develop ment to investigate the question anew, with particular reference to the relative importance of private and public investments in developing the world's less prosperous areas.

The ICC commends the Commission's report, which it presents herewith, to the attention of all governments and of the Economic and Social Council of the United Nations and would like to underline some of the conclusions which can be drawn from the report.