Effectiveness of Promotion Agencies at Attracting Foreign Investment

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 investorA'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 IPAA'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.Morisset, Jacques is the author of 'Effectiveness of Promotion Agencies at Attracting Foreign Investment' with ISBN 9780821356067 and ISBN 0821356062.