The Effectiveness Of Promotion Agencies At Attracting Foreign Direct Investment

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The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment

Author : Jacques Morisset
Publisher : World Bank Publications
ISBN 13 : 9780821356067
Total Pages : 130 pages
Book Rating : 4.3/5 (56 download)

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Book Synopsis The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment by : Jacques Morisset

Download or read book The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment written by Jacques Morisset and published by World Bank Publications. This book was released on 2004 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment promotion agencies (IPAs) exist in almost all countries around the world, but there has been no global attempt to determine whether they have been able to significantly influence the investor's decision to locate in one country rather than another. 'The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment' is the first empirical study of the effectiveness of these agencies in attracting foreign direct investment (FDI).This study finds that promotion is unambiguously associated with greater FDI flows. The effectiveness of promotion, however, depends on: the quality of the investment climate, market size the level of development of the country the IPA's budget and type of activities it carries out communication with the highest level of policymakers and support from the private sector. An important resource, 'The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment' provides many lessons about how to carry out effective investment promotion.

Does a Country Need a Promotion Agency to Attract Foreign Direct Investment?

Author : Jacques Morisset
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4./5 ( download)

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Book Synopsis Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? by : Jacques Morisset

Download or read book Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? written by Jacques Morisset and published by World Bank Publications. This book was released on 2003 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Establishing an investment promotion agency has become a central part of most countries' development strategies. Today there are more than 150 investment promotion agencies worldwide. Yet very little is known about what these agencies have been really doing, notably in emerging countries, and whether they have been effective in influencing investors' decisions. Using data from a new survey on 58 countries, Morisset shows that greater investment promotion is associated with higher cross-country foreign direct investment (FDI) flows, on top of the influence of the country's investment climate and market size. But this result has to be qualified on several counts. First, the effectiveness of the agency depends on the country's environment in which it operates. An agency in a poor investment climate is less effective at attracting investment. Second, the scope of activities that an agency undertakes influences its performance. Morisset's empirical analysis indicates that agencies devoting more resources on policy advocacy are more effective because such activity is not only beneficial to foreign investors but also to domestic investors. In contrast, investment generation or targeting strategies appear expensive and risky, especially in countries with poor investment climates. Finally, certain internal characteristics of the agencies are associated with greater effectiveness. The agencies that have established reporting mechanisms to the country's highest policymakers (the president or prime minister) or to the private sector have been systematically more efficient at attracting foreign direct investment. Such institutional links are crucial because they contribute to strengthen the government's commitment as well as reinforce the agency's credibility and visibility in the business community.

Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? A Small Analytical Model Applied to 58 Countries

Author : Jacques P. Morisset
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? A Small Analytical Model Applied to 58 Countries by : Jacques P. Morisset

Download or read book Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? A Small Analytical Model Applied to 58 Countries written by Jacques P. Morisset and published by . This book was released on 2016 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Establishing an investment promotion agency has become a central part of most countries' development strategies. Today there are more than 150 investment promotion agencies worldwide. Yet very little is known about what these agencies have been really doing, notably in emerging countries, and whether they have been effective in influencing investors' decisions.Using data from a new survey on 58 countries, Morisset shows that greater investment promotion is associated with higher cross-country foreign direct investment (FDI) flows, on top of the influence of the country's investment climate and market size.But this result has to be qualified on several counts. First, the effectiveness of the agency depends on the country's environment in which it operates. An agency in a poor investment climate is less effective at attracting investment. Second, the scope of activities that an agency undertakes influences its performance. Morisset's empirical analysis indicates that agencies devoting more resources on policy advocacy are more effective because such activity is not only beneficial to foreign investors but also to domestic investors. In contrast, investment generation or targeting strategies appear expensive and risky, especially in countries with poor investment climates.Finally, certain internal characteristics of the agencies are associated with greater effectiveness. The agencies that have established reporting mechanisms to the country's highest policymakers (the president or prime minister) or to the private sector have been systematically more efficient at attracting foreign direct investment. Such institutional links are crucial because they contribute to strengthen the government's commitment as well as reinforce the agency's credibility and visibility in the business community.This paper - a product of the Foreign Investment Advisory Service - is part of a larger effort in the Bank to understand foreign direct investment flows.

Marketing a Country

Author : Louis T. Wells
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Marketing a Country by : Louis T. Wells

Download or read book Marketing a Country written by Louis T. Wells and published by . This book was released on 1990 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is about the promotional techniques and structures that countries employ in their competition to attract foreign direct investment. On the basis of the evidence collected by the authors, it is argued that : 1) different combinations of promotional techniques are useful at different phases of a promotion program; 2) the type of organization responsible for promotion makes a difference in effectiveness; 3) there are various useful ways to evaluate a promotion program; 4) investment promotion appears to have a statistically significant influence on foreign investment flows; and 5) investment promotion programs have proved effective in attracting only certain kinds of investors. Promotional techniques consist of : a) providing information to potential investors; b) creating an attractive image of the country as a place to invest; and c) providing services to prospective investors. However, promotion is only one of several tools available to countries eager to attract foreign investment. Governments can : i) provide tax incentives and grants; ii) provide industrial estates, export processing zones, and other infrastructure; iii) attempt to simplify the bureaucratic procedures facing potential investors; iv) negotiate bilateral tax, trade and investment treaties; and v) attempt to create a favorable environment by guaranteeing repatriation of profits, assuring access to imported components, and promising not to expropriate property without compensation.

Investment Promotion Toolkit

Author : Multilateral Investment Guarantee Agency
Publisher : World Bank Publications
ISBN 13 : 9780821349335
Total Pages : 6 pages
Book Rating : 4.3/5 (493 download)

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Book Synopsis Investment Promotion Toolkit by : Multilateral Investment Guarantee Agency

Download or read book Investment Promotion Toolkit written by Multilateral Investment Guarantee Agency and published by World Bank Publications. This book was released on 2001 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Multilateral Investment Guarantee Agency (MIGA; a member of the World Bank Group) is pleased to announce its latest initiative to empower investment promotion programs worldwide—the 'Investment Promotion Toolkit'. The toolkit is a comprehensive compilation of international best practices in investment promotion, and aims to assist national and local investment intermediaries to attract and retain foreign direct investment. The toolkit represents first-hand insights gained during MIGA's 12 years of investment experience in over 150 emerging economies and developing countries worldwide.This new resource forms the foundation for delivery of MIGA's technical assistance services and provides a valuable reference tool for sustaining investment initiatives after completion of MIGA's formal capacity-building work. Is is also available for purchase by any organization that wishes to promote foreign direct investment.The toolkit is designed for use by a broad range of investment intermediaries, including investment promotion agencies, consulting firms, sectoral ministries, international development agencies, and economic development agencies at the national, state, and local levels. It consists of nine discrete modules covering all basic functions of investment promotion:Module 1. Understanding foreign direct investment Module 2. Developing an investment promotion agency Module 3. Creating an investment promotion strategy Module 4. Building effective partnerships Module 5. Strengthening the location's image Module 6. Targeting and generating investment opportunities Module 7. Servicing investors Module 8. Monitoring and evaluating activities and results Module 9. Utilizing information technology

The Effectiveness of Promotion Agencies at Attracting Foreign Investment

Author : Jacques Morisset
Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.:/5 (19 download)

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Book Synopsis The Effectiveness of Promotion Agencies at Attracting Foreign Investment by : Jacques Morisset

Download or read book The Effectiveness of Promotion Agencies at Attracting Foreign Investment written by Jacques Morisset and published by . This book was released on 2004 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Measuring the Efficiency of Investment Promotion Agencies

Author : Marie Therese Gabriel
Publisher : Sudwestdeutscher Verlag Fur Hochschulschriften AG
ISBN 13 : 9783838103235
Total Pages : 156 pages
Book Rating : 4.1/5 (32 download)

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Book Synopsis Measuring the Efficiency of Investment Promotion Agencies by : Marie Therese Gabriel

Download or read book Measuring the Efficiency of Investment Promotion Agencies written by Marie Therese Gabriel and published by Sudwestdeutscher Verlag Fur Hochschulschriften AG. This book was released on 2009 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past thirty years foreign direct investment (FDI) has become increasingly more important worldwide. In order to respond to the growing competition for FDI many governments have set up special institutions concerned with attracting FDI, so called Investment Promotion Agencies (IPAs). In recent years governments have started to evaluate the effectiveness of their expenses in promotion. Despite the growing importance of IPAs, measured by number and FDI, little is known about the efficiency of IPAs. A direct comparison among each other is not easy to accomplish as each agency uses a different set of investment promotion techniques according to the specific needs of the respective country. The study assesses the efficiency of IPAs that took part in a questionnaire survey conducted in 2005. Results of DEA show that IPAs reach efficient status, yet for different reasons. IPAs from ICs reach efficiency due to their small staff size as well as the number of completed projects and high FDI flows, IPAs from DCs are efficient because of their small budgets and the number of completed projects

The Role of Investment Promotion Agencies in Attracting Foreign Direct Investment

Author : Elizabeth Walsh
Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 (65 download)

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Book Synopsis The Role of Investment Promotion Agencies in Attracting Foreign Direct Investment by : Elizabeth Walsh

Download or read book The Role of Investment Promotion Agencies in Attracting Foreign Direct Investment written by Elizabeth Walsh and published by . This book was released on 2008 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Competitive Advantage of Regions and Nations

Author : Boris Ricken
Publisher : CRC Press
ISBN 13 : 1317037626
Total Pages : 222 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis The Competitive Advantage of Regions and Nations by : Boris Ricken

Download or read book The Competitive Advantage of Regions and Nations written by Boris Ricken and published by CRC Press. This book was released on 2016-03-23 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of technology transfer for the competitive advantage of companies and the economic success of nations cannot be overstated. Technology is a determining element for firms and nations to increase productivity, to compete, and to prosper. In The Competitive Advantage of Regions and Nations, the authors stress that companies, investment promotion agencies, and government bodies cannot simply sit and wait until new technologies arrive in their domain. Rather, they need to manage the identification, assessment, attraction, absorption and application of new technologies. In this comprehensive book, Boris Ricken and George Malcotsis explain how technology transfer in Foreign Direct Investment (FDI) projects can be systematically managed. Using some 40 case studies as illustration, they give step-by-step guidance for managers. The explanation of theory in this book, together with the frameworks and cases delivering solutions to the various challenges of technology transfer will be highly appreciated by managers of companies, investment promotion agencies, and government bodies alike. It also offers students confronted with the topic an understandable study guide.

Promoting Foreign Direct Investment in Central and Eastern Europe and the CIS

Author : United Nations. Economic Commission for Europe
Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Promoting Foreign Direct Investment in Central and Eastern Europe and the CIS by : United Nations. Economic Commission for Europe

Download or read book Promoting Foreign Direct Investment in Central and Eastern Europe and the CIS written by United Nations. Economic Commission for Europe and published by . This book was released on 2000 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are over 20 countries classified as transition economies. It is undeniable that a basic and essential challenge for all transition economies is still the attraction of investment and, in particular, long-term investment. The aim of this publication is to outline and discuss structure, strategies and aims of investment promotion, and to help already existing investment promotion agencies (IPAs) to define a more targeted and clearer direction of their work. The papers presented in the guide are intended to give an overview of foreign direct investment (FDI) flows, the role of IPAs and the everyday problems these agencies face. This volume is part of a series on trade and investment guides to assist economies in transition, as well as economic actors in other countries, to become familiar with best practices in the areas of trade, investment and related legal and commercial practices.

Developing Economies and International Investors: Do Investment Promotion Agencies Bring Them Together?

Author : TORFINN HARDING AND BEATA SMARZYNSKA JAVORCIK
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4./5 ( download)

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Book Synopsis Developing Economies and International Investors: Do Investment Promotion Agencies Bring Them Together? by : TORFINN HARDING AND BEATA SMARZYNSKA JAVORCIK

Download or read book Developing Economies and International Investors: Do Investment Promotion Agencies Bring Them Together? written by TORFINN HARDING AND BEATA SMARZYNSKA JAVORCIK and published by World Bank Publications. This book was released on 2007 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Many countries spend significant resources on investment promotion agencies in the hope of attracting inflows of foreign direct investment. Despite the importance of this question for public policy choices, little is known about the effectiveness of investment promotion efforts. This study uses newly collected data on national investment promotion agencies in 109 countries to examine the effects of investment promotion on foreign direct investment inflows. The empirical analysis follows two approaches. First, it tests whether sectors explicitly targeted by investment promotion agencies receive more foreign direct investment in the post-targeting period relative to the pre-targeting period and non-targeted sectors. Second, it examines whether the existence of an investment promotion agency is correlated with higher foreign direct investment inflows. Results from both approaches point to the same conclusion. Investment promotion efforts appear to increase foreign direct investment inflows to developing countries. Moreover, agency characteristics, such as the agency's legal status and reporting structure, affect the effectiveness of investment promotion. There is also evidence of diversion of foreign direct investment due to investment incentives offered by other countries in the same geographic region.

How to Solve the Investment Promotion Puzzle

Author : Christian Volpe Martincus
Publisher : Inter-American Development Bank
ISBN 13 :
Total Pages : 173 pages
Book Rating : 4./5 ( download)

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Book Synopsis How to Solve the Investment Promotion Puzzle by : Christian Volpe Martincus

Download or read book How to Solve the Investment Promotion Puzzle written by Christian Volpe Martincus and published by Inter-American Development Bank. This book was released on 2019-07-08 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: The investment promotion puzzle remains unsolved. Nearly every country in the world has established an investment promotion agency (IPA) to attract and retain foreign direct investment (FDI) in both greater quantities and of higher “quality.” Meanwhile, the literature has been virtually silent on investment promotion and its effects on FDI. As a result, we know little about what such agencies look like in different countries, what they do, how they do it, and whether and to what extent they make a difference. How to Solve An Investment Promotion Puzzle aims to fill in this gap by providing detailed information on the organization, functions and activities, and operational modalities of IPAs across over 50 countries in LAC and OECD, distilling similarities and differences and creating a new basis for peer-to-peer benchmarking and analysis of their impact. As such, it can serve as a useful guide to professionals and policymakers interested in designing better policies for FDI.

Developing Economies and International Investors

Author : Torfinn Harding
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Developing Economies and International Investors by : Torfinn Harding

Download or read book Developing Economies and International Investors written by Torfinn Harding and published by . This book was released on 2016 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries spend significant resources on investment promotion agencies in the hope of attracting inflows of foreign direct investment. Despite the importance of this question for public policy choices, little is known about the effectiveness of investment promotion efforts. This study uses newly collected data on national investment promotion agencies in 109 countries to examine the effects of investment promotion on foreign direct investment inflows. The empirical analysis follows two approaches. First, it tests whether sectors explicitly targeted by investment promotion agencies receive more foreign direct investment in the post-targeting period relative to the pre-targeting period and non-targeted sectors. Second, it examines whether the existence of an investment promotion agency is correlated with higher foreign direct investment inflows. Results from both approaches point to the same conclusion. Investment promotion efforts appear to increase foreign direct investment inflows to developing countries. Moreover, agency characteristics, such as the agency's legal status and reporting structure, affect the effectiveness of investment promotion. There is also evidence of diversion of foreign direct investment due to investment incentives offered by other countries in the same geographic region.

Promoting Foreign Direct Investment in Developing Countries

Author : Organisation for Economic Co-operation and Development
Publisher : OECD
ISBN 13 :
Total Pages : 118 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Promoting Foreign Direct Investment in Developing Countries by : Organisation for Economic Co-operation and Development

Download or read book Promoting Foreign Direct Investment in Developing Countries written by Organisation for Economic Co-operation and Development and published by OECD. This book was released on 1993 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

Foreign Direct Investment

Author : Daniel Nicholls
Publisher : Routledge
ISBN 13 : 1317134087
Total Pages : 127 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis Foreign Direct Investment by : Daniel Nicholls

Download or read book Foreign Direct Investment written by Daniel Nicholls and published by Routledge. This book was released on 2016-04-22 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world continues to recover from one of the most dramatic financial crises in a generation, expanding corporations are increasingly, yet cautiously, seeking out international investment opportunities. At the heart of this fragile investment recovery lie trust and confidence. With an unprecedented number of investment promotion agencies and economic development organisations now competing for the attention and business of a more cautious and discerning investor audience, smart approaches to strategic differentiation, communication, engagement and investment services are becoming increasingly critical if these agencies and organisations are to succeed. At the same time, transparent and responsible approaches to investment, coupled with effective, compelling advocacy, are increasingly important to the success of companies’ investment projects. Daniel Nicholls’ Foreign Direct Investment offers an exploration of some of the key trends, issues and practices that are shaping the global FDI landscape. Along the way he provides insight into how economic developers and investors alike can make the most of their opportunities and mitigate reputational and communications challenges that can impede or hinder a successful investment. By presenting perspectives and priorities from both sides, Daniel Nicholls’ book bridges the ’investment gap’ by giving its readers an important insight into what matters to the other side. This book represents a smart investment for anyone involved.

Harnessing Globalization

Author : Roy C. Nelson
Publisher : Penn State Press
ISBN 13 : 027105123X
Total Pages : 282 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Harnessing Globalization by : Roy C. Nelson

Download or read book Harnessing Globalization written by Roy C. Nelson and published by Penn State Press. This book was released on 2015-10-29 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can countries in the underdeveloped world position themselves to take best advantage of the positive economic benefits of globalization? One avenue to success is the harnessing of foreign direct investment (FDI) in the “nontraditional” forms of the high-technology and service sectors, where an educated workforce is essential and the spillover effects to other sectors are potentially very beneficial. In this book, Roy Nelson compares efforts in three Latin American countries—Brazil, Chile, and Costa Rica—to attract nontraditional FDI and analyzes the reasons for their relative success or failure. As a further comparison, he uses the successes of FDI promotion in Ireland and Singapore to help refine the analysis. His study shows that two factors, in particular, are critical. First is the government’s autonomy from special interest groups, both domestic and foreign, arising from the level of political security enjoyed by government leaders. The second factor is the government’s ability to learn about prospective investors and the inducements that are most important to them—what he calls “transnational learning capacity.” Nelson draws lessons from his analysis for how governments might develop more effective strategies for attracting nontraditional FDI.