Analyses of Sustainable Investment Framework of UNCTAD: From the Perspective of Two Asian Countries

Abstract

The international market is constantly changing under the rapid development of the economy, and the interest relationship between trade participants is intricate and complex. Under this mechanism, although profit as the investment goal is understandable, it is too single to meet the needs of recent advance. In addition to the financial indicators, social responsibility also needs to be paid attention to. On this basis, the concept of sustainable investment was put forward. Among which, the Investment Policy Framework for Sustainable Development (IPFSD) proposed by the United Nations Conference on Trade and Development (UNCTAD) has played a significant role in facilitating countries to formulate policies and laws to promote sustainable investment. Under the leadership of developed countries, traditional investment emphasizes the protection and preference of foreign capital and foreign investors. However, the sustainable investment framework challenges traditional concepts and policies of international investment. Some developing countries cannot digest the related policies and laws well to make them play a real positive role in the field of investment, which requires countries to clarify their attitudes and positions, adjust the international investment order and introduce policies, legal norms and other countermeasures in relevant areas.