The Effectiveness Of Promotion Agencies At Attracting Foreign Direct Investment
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The Effectiveness Of Promotion Agencies At Attracting Foreign Direct Investment
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Author : Jacques Morisset
language : en
Publisher: World Bank Publications
Release Date : 2004
The Effectiveness Of Promotion Agencies At Attracting Foreign Direct Investment written by Jacques Morisset and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
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
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Author : Jacques Morisset
language : en
Publisher: World Bank Publications
Release Date : 2003
Does A Country Need A Promotion Agency To Attract Foreign Direct Investment written by Jacques Morisset and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Investment, Foreign categories.
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
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Author : Jacques P. Morisset
language : en
Publisher:
Release Date : 2016
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 has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
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
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Author : Louis T. Wells
language : en
Publisher:
Release Date : 1990
Marketing A Country written by Louis T. Wells and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
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
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Author : Multilateral Investment Guarantee Agency
language : en
Publisher: World Bank Publications
Release Date : 2001
Investment Promotion Toolkit written by Multilateral Investment Guarantee Agency and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
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 Role Of Investment Promotion Agencies In Attracting Foreign Direct Investment
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Author : Elizabeth Walsh
language : en
Publisher:
Release Date : 2008
The Role Of Investment Promotion Agencies In Attracting Foreign Direct Investment written by Elizabeth Walsh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Measuring The Efficiency Of Investment Promotion Agencies
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Author : Marie Therese Gabriel
language : de
Publisher: Sudwestdeutscher Verlag Fur Hochschulschriften AG
Release Date : 2009
Measuring The Efficiency Of Investment Promotion Agencies written by Marie Therese Gabriel and has been published by Sudwestdeutscher Verlag Fur Hochschulschriften AG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
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
Promoting Foreign Direct Investment In Developing Countries
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Author : Organisation for Economic Co-operation and Development
language : en
Publisher: OECD
Release Date : 1993
Promoting Foreign Direct Investment In Developing Countries written by Organisation for Economic Co-operation and Development and has been published by OECD this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Developing Economies And International Investors
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Author : Torfinn Harding
language : en
Publisher:
Release Date : 2016
Developing Economies And International Investors written by Torfinn Harding and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
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.
The Competitive Advantage Of Regions And Nations
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Author : Boris Ricken
language : en
Publisher: CRC Press
Release Date : 2016-03-23
The Competitive Advantage Of Regions And Nations written by Boris Ricken and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-23 with Business & Economics categories.
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.