About the Author: Robert D. Hormats serves as Under Secretary of State for Economic, Energy, and Agricultural Affairs.
Here's a trivia question for our geography buffs. This week I traveled to the Chinese city which is home to the world's largest manufacturing base for sunglasses. Any guesses?
The correct answer is "Xiamen." And I was visiting for the 2nd annual World Investment Forum (WIF) sponsored by the United Nations Conference on Trade and Development. The WIF draws together policymakers, investors, businesses leaders, and other stakeholders to highlight the importance of investment in driving economic growth.
Given the impact of the global economic downturn on investor confidence, this year's focus on investments in sustainable development was on the mark. As I mentioned during my address to the Forum on Monday, foreign direct investment flows are the vital currents than can help restore economic growth.
If you'd like to read my remarks in full click here.