They are talking about tax avoidance by foreign investors in those developing countries.
And if the flood of foreign capital intensifies, developing countries may be forced to choose between losing competitiveness, truly draconian capital controls or allowing their economies to overheat.
Foreign investment deals between developing countries are rapidly increasing.
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The result is that you find that issues of foreign aid and working with developing countries become much less important to the rich countries.
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On the other side of the coin were the operatives, whose talent was spotting potential informants and spies in foreign countries, and developing these assets into reliable sources of information.
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As a result, all the developing countries have their foreign exchange reserves in dollar-denominated assets.
By 2007 almost 900 foreign banks had a presence in developing countries.
Japanese manufacturers, utilities and government-funded institutes are also working with an industry lobby called the Japan Atomic Industrial Forum to train foreign civil servants and engineers from developing countries around the world on how to operate and maintain reactors.
And, perhaps most important from the World Bank's point of view, how can foreign countries, international aid agencies and the Bank itself help bolster developing countries' institutions?
This was true internationally, as central banks of developing countries parked their growing foreign exchange reserves in the US, so that the South provided net finance to the North, instead of using such resources for its own development.
Moreover, foreign countries, including Iran, are developing more sophisticated antiaircraft missiles.
If we are interested in distribution from the point of view of issues such as migration, the marginalisation of developing countries and capacity to repay foreign debts, we should compare incomes with market exchange rates.
The idea came from US economist Paul Romer, who proposes that the creation of charter cities -- semi-autonomous cities in rural sections of developing countries that would have some foreign supervision and, most importantly, would be founded upon a new set of rules -- can lift countries out of poverty.
Romney's plan ties U.S. trade policy to development in foreign nations by identifying barriers to trade and investment in developing countries.
But because import demand, capital flows and the need for foreign workers declined precipitously in the West, almost all developing countries are suffering.
Developing countries that open their stock markets to foreign investors reap big benefits: output per worker grows by 2.3 percentage points faster than it would have done otherwise.
But the World Bank, which argues that foreign direct investment has brought long-term benefits to developing countries, is confident that finanical flows will again increase once the economic recovery begins.
Now, it appears that they want their leaders to focus on the basics: creating better-paying jobs, protecting the population, expanding trade, improving access to technology, developing infrastructure in rural areas, and improving relations with foreign countries and trade partners.
Economist Peter Bauer pointed out some of the reasons for this some years ago, including the fact that foreign aid tends to end up under the control of the elites in developing countries.
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Developing countries are under pressure to make their markets more welcoming to foreign investment as well.
The deal was struck under a currently discontinued program of the Dutch Ministry of Foreign Affairs, called ORET, which supported sustainable investment in infrastructural projects in developing countries.
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But the Nepad formula of partnership with developing countries, stress on good governance and human rights and encouragement of foreign investment was adopted by the continent's heads of state at the inaugural meeting of the African Union in Durban in July.
As evidence that this policy has borne fruit, Celso Amorim, the foreign minister, points out that most of Brazil's trade is now with developing countries, thus anticipating Mr Obama's advice that the world should not rely on the United States as consumer of last resort.
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On July 5th Kyodo, a news agency, reported that 21 Chinese were among 27 foreign trainees who died last year on a government-sponsored skills-transfer scheme for developing countries that over the past four years has brought in an average of 94, 000 workers a year, mostly from China.
Foreign investors, for their part, have needed no prompting to pour money into factories in developing countries, especially China.
In developing countries, Mr Persaud says, the cost of volatility is a big obstacle to foreign investment.
Many developing countries are running current-account surpluses, in order to be less dependent on foreign capital than they were a decade ago.
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