Citing India and other emerging economies as success stories in attracting investments and achieving rapid industrialisation through liberal policies, WTO Chief Pascal Lamy has asked major economic powers to use the Doha Round to boost confidence of world business.

"At a time when clouds are darkening over the world economy, the Doha Round is the one global initiative that may boost confidence of world businesses, workers and consumers," Lamy said in his lecture on Global Economic Governance.

He said the open policies have considerably changed the face of emerging economies, which need capital for growth and development programmes.

"China, India, Mexico, Korea, Thailand, Indonesia, Argentina, South Africa and Chile... have done extremely well in a range of manufacturing sectors. Trade is one important factor for their rapid industrialisation," Lamy said in the lecture posted on the WTO website.

The Indian economy has grown by an average of 8.5 per cent for the past four years on the back of double digit growth in industrial production and a sharp rise in international trade, which is likely to touch 400 billion dollars this fiscal. He said the developing countries need capital, which they can attract as foreign investment, borrow or import through international trade.

"The safest, cheapest and most sustainable way is to import it," the WTO chief said.

Lamy said countries like India, China and Mexico have used the WTO as an anchor for their integration in the international division of labour.