Policy debates continue to rage on regarding the most effective ways to bring developing countries and regions into full economic participation in the emerging global economy, and a number of organizations (such as the World Bank) have sounded off on the subject with working papers and policy briefs. Under the auspices of the Organization for Economic Co-operation and Development (OECD), this thoughtful 54-page paper (released in July 2003) examines the relationship between foreign direct investment (FDI) and human capital formation in developing countries. Authored by Koji Miyamoto, the paper contends that there is "abundant evidence in the literature that human capital formation is indeed among the important pre-requisites for developing countries to start benefiting from FDI." Miyamoto also notes that other important elements that must be present in any given developing country include an attractive investment climate, coordination between formal education and training policies, and solid governance. This paper will be of great interest to those concerned with globalization and the interaction between developed and developing nations.