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<strong>WAIPA</strong> <strong>Report</strong> of Activities <strong>2011</strong>-2012<br />
hurdles remain for governments<br />
across all regions, and policy makers<br />
grapple with the escalation of the<br />
Euro area debt crisis, increased<br />
geopolitical tensions and unrest in the<br />
Middle East, leadership transition in<br />
China, and the “fiscal cliff” in the U.S.,<br />
which will all impact the flow of global<br />
trade and foreign direct investment.<br />
Overcoming these and the<br />
forthcoming challenges requires a<br />
shift towards policies that transcend<br />
fiscal cycles, and that are more<br />
oriented to job creation, green<br />
growth and overall economic<br />
competitiveness. These policies<br />
need to be better coordinated<br />
across all major economies in order<br />
to enhance structural and fiscal<br />
sustainability in both developed and<br />
emerging nations.<br />
IEDC and <strong>WAIPA</strong> have a critical<br />
role to play in teaching government<br />
officials, local leaders, and their<br />
members about global economy,<br />
and in disclosing the importance of<br />
such policy shifts.<br />
By serving on <strong>WAIPA</strong>’s Consultative<br />
Committee, IEDC can deliver<br />
its expertise on local economic<br />
development - including practices for<br />
business attraction and retention and<br />
cutting-edge strategies in the field - at<br />
<strong>WAIPA</strong> events around the world. This<br />
collaborative relationship with <strong>WAIPA</strong><br />
fosters the exchange of innovative<br />
experiences and exposes IEDC<br />
members to high level international<br />
professionals involved in trade and<br />
investment promotion. In September<br />
<strong>2011</strong>, Denny Coleman, then<br />
Chairman of IEDC, represented the<br />
organization at the <strong>WAIPA</strong>’s annual<br />
conference in Geneva, sharing his<br />
expertise on attracting green FDI<br />
for sustainable development. The<br />
<strong>WAIPA</strong> Chief Executive Officer,<br />
Carlos Bronzatto, also joined IEDC<br />
at its annual conference in Charlotte,<br />
Overcoming the challenges ahead<br />
requires a shift towards policies<br />
that transcend fiscal cycles, that<br />
are more oriented to job creation,<br />
green growth and overall<br />
economic competitiveness.<br />
Jeffrey A. Finkle
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