Institutional Quality And Foreign Direct Investment Inflows

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Institutional Quality and Foreign Direct Investment Inflows

Author : Chinmaya Behera
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Institutional Quality and Foreign Direct Investment Inflows by : Chinmaya Behera

Download or read book Institutional Quality and Foreign Direct Investment Inflows written by Chinmaya Behera and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examines the impact of institutional quality on Foreign Direct Investment (FDI) inflows for emerging economies from South Asiain the period 2002-2016. Other economic factors such as globalisation, financial development, and GDP are also considered. Design/Methodology/Approach: The study uses Im-Pesaran-Shin (IPS) panel unit root test to check stationarity property. It uses cross dependency (CD) and cross-sectional augments IPS tests to check cross-sectional dependency and heterogeneity across the group countries. Next, it uses panel ARDL-PMG tests to check the existence of long-relationship among variables. Then, we apply the panel Granger causality test to check the direction of causality. Finally, for the robustness of results, we use the Pedroni co-integration technique. Findings: The study finds the existence of a long-run relationship between institutional quality and FDI inflows. Other economic factors such as globalization and financial development show long-run and strong causality with FDI inflows. However, the short-run unidirectional causality from institutional quality to FDI inflows is not found for all the countries. Finally, institutional quality strongly causes FDI inflows provided paired with either globalisation or financial development. Practical Implications: Institutional quality increases the FDI inflows. Therefore, policymakers should focus on institutional quality along with globalization and financial development for higher inflows of FDI in emerging countries. Originality/Value: The study considers institutional quality as one of the inputs for FDI inflows in selected emerging economies from South Asia. Further, it creates an institutional quality index for the emerging countries to examine the impact on FDI inflows.

Foreign Direct Investment, Institutional Quality and Business Regulatory Environment

Author : Nada Abdelghany
Publisher :
ISBN 13 :
Total Pages : 180 pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis Foreign Direct Investment, Institutional Quality and Business Regulatory Environment by : Nada Abdelghany

Download or read book Foreign Direct Investment, Institutional Quality and Business Regulatory Environment written by Nada Abdelghany and published by . This book was released on 2019 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Foreign direct investment (FDI) plays a significant role in both the economic growth and development of a nation. Given Africa’s development and economic characteristics, FDI is an attractive tool for economic development. Hence, understanding the key drivers of FDI is of major importance to help promote the sustainable development of the private sector. This thesis focuses on the interrelation between two key determinants of FDI inflows: institutional quality and the business regulatory environment, while controlling for economic determinants including the market and resource characteristics of a country. Using a panel of 46 countries for the period 2012-2016, a mediation analysis is employed to examine the relationship between an established governance index, as a proxy measure of institutional quality, using Worldwide Governance Indicators (WGI) and the doing business score developed by the World Bank (WB), as a proxy measure of business regulatory environment. The conditions of mediation analysis were tested using a number of multivariate log-linear regression models. The model is estimated using fixed effect panel regression analysis with robust cluster standard error to account for homoscedasticity and serial autocorrelation. The data on the included variables were gathered from publicly available resources. In line with literature such as Globerman and Sharpio (2002) and Gani (2007), the findings of the study regarding the relevance of governance index for FDI inflows showed a robust, consistent significance using different estimation techniques. However, contrary to the literature such as Piwonski (2010) and Morriz and Aziz (2011), the business regulatory environment did not demonstrate any robust significance to FDI inflows. Though these findings result in a statistical rejection of the main hypothesis, it does not constitute conclusive evidence that the business regulatory environment does not mediate the effect of institutional quality on FDI inflows within the African context. This is due to a concern regarding the validity of the doing business score validity as a proxy for the business regulatory environment.

Essays on Foreign Direct Investment, Institutions, and Economic Growth

Author : Fathi A. Ahmed Ali
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (757 download)

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Book Synopsis Essays on Foreign Direct Investment, Institutions, and Economic Growth by : Fathi A. Ahmed Ali

Download or read book Essays on Foreign Direct Investment, Institutions, and Economic Growth written by Fathi A. Ahmed Ali and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this thesis is to explore and study various dimensions of the interaction between one of the most important institutional quality aspects, namely property rights, and one important aspect of integration into the world economy: foreign direct investment (FDI), and links them to economic growth. In particular, this thesis explores whether the interaction between institutions and FDI has any implication for economic growth and whether there is any complementarity between the role of institutions and the role of FDI in fostering economic growth. To achieve this aim, the thesis was designed to include four empirical chapters in addition to two chapters: one for the introduction and the other for the conclusion. The first two empirical chapters studied the interrelationship between FDI and institutions. And the other two empirical chapters studied the implication of the interrelationship and the complementarity between FDI and institutions for economic growth. Chapter one motivated the thesis and set its aim and structure. The second chapter studies the role of institutions in determining FDI inflows and shows that institutional quality is one of the most important determinants of FDI. Based on this result, chapter three introduces a hypothesis that foreign investors will create a demand for better institutions in host countries, and that governments competing to attract more FDI will be induced to provide such institutions, leading to improvements in institutional quality in host countries. The empirical evidence reported in this chapter supports this hypothesis and shows that FDI inflows have a positive impact on property rights in host countries. Chapter four explores whether institutions play a role in determining the contribution of FDI to economic growth. The results presented in this chapter show that a host country needs to achieve a minimum level of institutional quality in order to be able to benefit from the positive externalities offered by FDI. Based on the results of chapter three, chapter five investigates whether the positive impact of FDI in institutional quality on host countries can be considered as a new growth-enhancing role for FDI. The results reported in chapter five show that the impact of FDI on economic growth that works via institutions, is a significant one, and is generally greater and more robust than the direct impact. Over all, the major contribution of this thesis is that it shows that a better understanding of the contribution of FDI to economic growth requires taking into account the interrelationship and the complementarity between FDI and institutions.

The Role of E-Government in Promoting Foreign Direct Investment Inflows

Author : Mr.Ali J Al-Sadiq
Publisher : International Monetary Fund
ISBN 13 : 1513566792
Total Pages : 20 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Role of E-Government in Promoting Foreign Direct Investment Inflows by : Mr.Ali J Al-Sadiq

Download or read book The Role of E-Government in Promoting Foreign Direct Investment Inflows written by Mr.Ali J Al-Sadiq and published by International Monetary Fund. This book was released on 2021-01-15 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The outbreak of the COVID-19 pandemic has helped accelerate the digitization of public services. The lockdown initiated by most governments to curb the spread of the coronavirus forced most public agencies to switch to online platforms to continue providing information and services to the public. It is widely recognized that information diffusion and communication technology play a large role in improving the quality of public services in terms of time, cost, and interface with the public, business, and other agencies. Potentially, e-government could enhance a country’s locational advantages and attract more Foreign Direct Investment (FDI) inflows. This hypothesis is tested empirically using an unbalanced panel data analysis for 178 host countries over the period 2003-2018. The results suggest that e-government stimulates the inflow of FDI.

Does "good Government" Draw Foreign Capital?

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis Does "good Government" Draw Foreign Capital? by :

Download or read book Does "good Government" Draw Foreign Capital? written by and published by World Bank Publications. This book was released on 2007 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is now the world's largest destination of foreign direct investment (FDI), despite assessments highlighting its institutional deficiencies. But this FDI inflow corresponds closely to predicted FDI flows into China from a model that predicts FDI inflow based on government quality indicators and controls and is estimated across a sample of other weak-institution countries. The only real discrepancy is that, if government quality is measured by constraints on executive power, China receives somewhat more FDI than the model predicts. This might reflect an underestimation of the strength of these constraints in China, a unique institutional setting for FDI operations, FDI based on expected future institutional improvements, or a unique Chinese model of development. The authors conclude that Ockham's razor disfavors the last. They also note that FDI may be elevated because Chinese institutions protect foreign firms better than domestic ones.

Foreign Direct Investment, Regulations and Growth

Author : Matthias Busse
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4./5 ( download)

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Book Synopsis Foreign Direct Investment, Regulations and Growth by : Matthias Busse

Download or read book Foreign Direct Investment, Regulations and Growth written by Matthias Busse and published by World Bank Publications. This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the evidence is rather mixed, as no robust relationship between FDI and income growth has been established. The authors argue that countries need a sound business environment in the form of good government regulations to be able to benefit from FDI. Using a comprehensive data set for regulations, they test this hypothesis and find evidence that excessive regulations restrict growth through FDI only in the most regulated economies. This result holds true for different specifications of the econometric model, including instrumental variable regressions. "--World Bank web site.

Sectoral Composition of Foreign Direct Investment and External Vulnerability in Eastern Europe

Author : Yuko Kinoshita
Publisher : International Monetary Fund
ISBN 13 : 1455263400
Total Pages : 31 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Sectoral Composition of Foreign Direct Investment and External Vulnerability in Eastern Europe by : Yuko Kinoshita

Download or read book Sectoral Composition of Foreign Direct Investment and External Vulnerability in Eastern Europe written by Yuko Kinoshita and published by International Monetary Fund. This book was released on 2011-06-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the run up to the global crisis, countries in Central Eastern and Southeastern Europe attracted large capital inflows and some of them built up large external imbalances. This paper investigates whether these imbalances are linked to the sectoral composition of FDI. It shows that FDI in the tradable sectors leads to an improvement of the external balance. We also find that the countries with large market size, good infrastructure, greater trade integration, and educated labor force are more likely to receive more FDI in the tradable sectors.

The Handbook of Global Trade Policy

Author : Andreas Klasen
Publisher : John Wiley & Sons
ISBN 13 : 1119167388
Total Pages : 624 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis The Handbook of Global Trade Policy by : Andreas Klasen

Download or read book The Handbook of Global Trade Policy written by Andreas Klasen and published by John Wiley & Sons. This book was released on 2020-02-03 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a state-of-the-art overview of international trade policy research The Handbook of Global Trade Policy offers readers a comprehensive resource for the study of international trade policy, governance, and financing. This timely and authoritative work presents contributions from a team of prominent experts that assess the policy implications of recent academic research on the subject. Discussions of contemporary research in fields such as economics, international business, international relations, law, and global politics help readers develop an expansive, interdisciplinary knowledge of 21st century foreign trade. Accessible for students, yet relevant for practitioners and researchers, this book expertly guides readers through essential literature in the field while highlighting new connections between social science research and global policy-making. Authoritative chapters address new realities of the global trade environment, global governance and international institutions, multilateral trade agreements, regional trade in developing countries, value chains in the Pacific Rim, and more. Designed to provide a well-rounded survey of the subject, this book covers financing trade such as export credit arrangements in developing economies, export insurance markets, climate finance, and recent initiatives of the World Trade Organization (WTO). This state-of-the-art overview: Integrates new data and up-to-date research in the field Offers an interdisciplinary approach to examining global trade policy Introduces fundamental concepts of global trade in an understandable style Combines contemporary economic, legal, financial, and policy topics Presents a wide range of perspectives on current issues surrounding trade practices and policies The Handbook of Global Trade Policy is a valuable resource for students, professionals, academics, researchers, and policy-makers in all areas of international trade, economics, business, and finance.

Institutional, Macro Economic Policy Factors and Foreign Direct Investment

Author : Muhammad Azam
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Institutional, Macro Economic Policy Factors and Foreign Direct Investment by : Muhammad Azam

Download or read book Institutional, Macro Economic Policy Factors and Foreign Direct Investment written by Muhammad Azam and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent economic literature suggests that institutional quality factors exert positive effect on foreign direct investment (FDI) inflows. The main focus of this study is to examine the role of institutional factors and macro economic policy factors on FDI inflows in a panel data of seven South Asian countries over the period of 12 years since 1996 to 2007. This study implies that a good institutional quality plays a key role in attractiveness of FDI inflows. A poor macroeconomic policy situation produces negative impact on FDI. Good Institutional quality and poor macroeconomic policy generate negative effect in a combined form on FDI. This study further implies that poor macro economic policy deteriorates institutional quality and creates negative effect on FDI inflows. Incredibility in trade liberalization policy may be a part of poor macro economic policy.

Global Investment Competitiveness Report 2019/2020

Author : World Bank Group
Publisher : World Bank Publications
ISBN 13 : 1464815437
Total Pages : 321 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Investment Competitiveness Report 2019/2020 by : World Bank Group

Download or read book Global Investment Competitiveness Report 2019/2020 written by World Bank Group and published by World Bank Publications. This book was released on 2020-07-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Investment Competitiveness Report 2019-2020 provides novel analytical insights, empirical evidence, and actionable recommendations for governments seeking to enhance investor confidence in times of uncertainty. The report's findings and policy recommendations are organized around "3 ICs" - they provide guidance to governments on how to increase investments' contributions to their country's development, enhance investor confidence, and foster their economies' investment competitiveness. The report presents results of a new survey of more than 2,400 business executives representing FDI in 10 large developing countries: Brazil, China, India, Indonesia, Malaysia, Mexico, Nigeria, Thailand, Turkey, and Vietnam. The results show that over half of surveyed foreign businesses have already been adversely affected by policy uncertainty, experiencing a decrease in employment, firm productivity, or investment. Foreign investors report that supporting political environments, stable macroeconomic conditions, and conducive regulatory regimes are their top three investment decision factors. Moreover, the report's new global database of regulatory risk shows that predictability and transparency increase investor confidence and FDI flows. The report also assesses the impact of FD! on poverty, inequality, employment, and firm performance using evidence from various countries. It shows that FDI in developing countries yields benefits to their firms and citizens-including more and better-paid jobs-but governments need to be vigilant about possible adverse consequences on income distribution. The report is organized in S chapters: Chapter 1 presents the results of the foreign investor survey. Chapter 2 explores the differential performance and development impact of greenfield FDI, local firms acquired by multinational corporations {i.e. brownfield FDI), and domestically-owned firms using evidence from six countries. Chapter 3 assesses the impact of FDI on poverty, inequality, employment and wages, using case study evidence from Ethiopia, Turkey and Vietnam. Chapter 4 presents a new framework to measure FDI regulatory risk that is linked to specific legal and regulatory measures. Chapter S focuses on factors for increasing the effectiveness of investment promotion agencies.

Determinants of Foreign Direct Investment

Author : Mr.James P Walsh
Publisher : International Monetary Fund
ISBN 13 : 1455202215
Total Pages : 29 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Determinants of Foreign Direct Investment by : Mr.James P Walsh

Download or read book Determinants of Foreign Direct Investment written by Mr.James P Walsh and published by International Monetary Fund. This book was released on 2010-08-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a dataset which breaks down FDI flows into primary, secondary and tertiary sector investments and a GMM dynamic approach to address concerns about endogeneity, the paper analyzes various macroeconomic, developmental, and institutional/qualitative determinants of FDI in a sample of emerging market and developed economies. While FDI flows into the primary sector show little dependence on any of these variables, secondary and tertiary sector investments are affected in different ways by countries’ income levels and exchange rate valuation, as well as development indicators such as financial depth and school enrollment, and institutional factors such as judicial independence and labor market flexibility. Finally, we find that the effect of these factors often differs between advanced and emerging economies.

Foreign Direct Investment for Development Maximising benefits, minimising costs

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264199284
Total Pages : 225 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Foreign Direct Investment for Development Maximising benefits, minimising costs by : OECD

Download or read book Foreign Direct Investment for Development Maximising benefits, minimising costs written by OECD and published by OECD Publishing. This book was released on 2002-09-24 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive review of the issues related to the impact of FDI on development as well as to the policies needed to maximise the benefits.

Shaping the Future of Power

Author : Lina Benabdallah
Publisher : University of Michigan Press
ISBN 13 : 047212689X
Total Pages : 205 pages
Book Rating : 4.4/5 (721 download)

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Book Synopsis Shaping the Future of Power by : Lina Benabdallah

Download or read book Shaping the Future of Power written by Lina Benabdallah and published by University of Michigan Press. This book was released on 2020-07-20 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s rise to power is one of the biggest questions in International Relations theory (IRT) and foreign policy circles. Although power has been a core concept of IRT for a long time, the faces and mechanisms of power as it relates to Chinese foreign policymaking has changed the contours of that debate. The rise of China and other powers across the global political arena sparks a new visibility for different kinds of encounters between states, particularly between China and other Global South states. These encounters are more visible to IR scholars because of the increasing influence that rising powers have in the international system. This book shows that foreign policy encounters between rising powers and Global South states do not necessarily exhibit the same logics, behaviors, or investment strategies of Euro-American hegemons. Instead, they have distinctive features that require new theoretical frameworks for analysis. Shaping the Future of Power probes the types of power mechanisms that build, diffuse, and project China’s power in Africa. One must take into account the processes of knowledge production, social capital formation, and skills transfers that Chinese foreign policy directs toward African states to fully understand China’s power-building mechanisms. The relational power framework requires these elements to capture both the material aspects and ideational people-centered aspects to power. By examining China’s investments in human resource development programs for Africa, the book reveals a vital, yet undertheorized, aspect of China’s foreign policy making.

FDI Flows to Low-Income Countries

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1455201154
Total Pages : 40 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis FDI Flows to Low-Income Countries by : International Monetary Fund

Download or read book FDI Flows to Low-Income Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-06-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower borrowing costs and positive real-side external factors were increasingly important drivers of FDI outflows to low-income countries in the pre-crisis period; (ii) economic fundamentals, the strength of economic reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper suggests that low-income countries can turn to domestic policy solutions to mitigate the adverse effects of a potential decline in FDI in the post-crisis world.

New Voices in Investment

Author : Maria Laura Gómez Mera
Publisher : World Bank Publications
ISBN 13 : 9781464803710
Total Pages : 0 pages
Book Rating : 4.8/5 (37 download)

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Book Synopsis New Voices in Investment by : Maria Laura Gómez Mera

Download or read book New Voices in Investment written by Maria Laura Gómez Mera and published by World Bank Publications. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes the characteristics, motivations, strategies, and needs of FDI from emerging markets. It draws from a survey of investors and potential investors in Brazil, India, South Korea, and South Africa.

Investment and Institutional Uncertainty

Author : Aymo Brunetti
Publisher : World Bank Publications
ISBN 13 : 9780821341599
Total Pages : 46 pages
Book Rating : 4.3/5 (415 download)

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Book Synopsis Investment and Institutional Uncertainty by : Aymo Brunetti

Download or read book Investment and Institutional Uncertainty written by Aymo Brunetti and published by World Bank Publications. This book was released on 1997-01-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking decades ahead into the future, many informed observers see China moving steadily to the top of the world's economic league. Several sources, including the OECD, forecast that the country will be the world's largest economy by 2020. China's urban economy has been the driving force behind the country's recent trends of accelerated growth. By the same token, deterioration in the urban centers could constrain future growth. The Dynamics of Urban Growth in Three Chinese Cities looks at the interplay between geography, size, and industrial structure that determines the industrial vigor of cities. Their conclusions, abundantly illustrated through the experience of the Chinese cities of Shanghai, Tianjin, and Guangzhou, is that each of these factors must be made to work for the city through effective policymaking. The authors compare these cities with each other in the context of the changes sweeping China's economy, review their history and their reform programs from the early 1980s to the mid-1990s, and examine their infrastructure and human capital. The volume includes maps of the cities and their outlying areas and of China's road and rail system, as well as figures depicting the industrial structure of each city. Published for the World Bank by Oxford University Press.

Foreign Direct Investment in New Member State of the EU and Western Balkans: Taking Stock and Assessing Prospects

Author : La-Bhus Fah Jirasavetakul
Publisher : International Monetary Fund
ISBN 13 : 1484373324
Total Pages : 37 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Foreign Direct Investment in New Member State of the EU and Western Balkans: Taking Stock and Assessing Prospects by : La-Bhus Fah Jirasavetakul

Download or read book Foreign Direct Investment in New Member State of the EU and Western Balkans: Taking Stock and Assessing Prospects written by La-Bhus Fah Jirasavetakul and published by International Monetary Fund. This book was released on 2018-08-21 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: FDI has played a strong role in the export-led growth of eastern European countries that are now members of the European Union (EU). Largely sourced from advanced Europe, FDI inflows were motivated by the intention to pursue new markets and cost efficiency. Over time, foreign investment has restructured the exports sector in these countries in favor of products that are considered more technology-intensive. As these countries face skills shortage and rising wages, what is needed for FDI to continue playing a strong role? Can the Western Balkan countries, who are not yet EU members and have in recent years stepped up financial incentives and policy initiatives to court investors, emulate the experience? This paper takes stock of the FDI experience of both these groups and tries to estimate their potential gains from additional policy efforts.