The Role of Investment Promotion Agencies in Attracting Foreign Direct Investment

Abstract

Establishing an investment promotion agency (IPA) has become a very popular institutional approach in the strategic promotion of foreign direct investment (FDI) across nations and regions worldwide. In this article, we examine the role of IPAs in improving the FDI environment and promoting inward FDI. The task of the article is, with the help of qualitative methods of research, to determine the promotion techniques and tools that lead to a better FDI performance and verify them in the cases of such investment promotion agencies as Invest Lithuania and Invest in Lviv Region (Ukraine).

Nation branding for foreign direct investment: an Integrative review and directions for research and strategy

“…As of the late 2000s, developing economies overtook developed ones as the principal recipients of annual cross-border investment flows, making FDI a true global issue of interest to virtually every country (UNCTAD, 2016). The benefits of foreign capital to both the home and host countries of investors and to the investors themselves are now being widely recognized in government, business, academia and society at large (Festervand, 2011), resulting in an exponential increase in activities aimed at attracting foreign capital and a concomitant global growth in competition for investment (Miskinis and Byrka, 2014).…”

Innovative Approach To Municipal Property Management

“…The process of the local authorities' management involves the definition of the certain rules and terms of the ownership, exploitation and administration of the management objects. The greatest effect of https://dx.doi.org/10.15405/epsbs.2018.12.118 Corresponding Author: V.L Prigozhin Selection and peer-review under responsibility of the Organizing Committee of the conference eISSN: 2357-1330 973 the implementation of these rules is reached when the managerial impact on the objects is systematic, that is, it is connected with the set of measures constituting the system of management (Miљkinis & Byrka, 2014).…”

Inward Investment, Employment and Government Policies in Wales

“…Effective countryof-origin targeting, nonetheless, has a potentially major contribution to make (MIŠKINIS and BYRKA, 2014) to the maximization of IFDI and the related employment benefits, since these can vary considerably between MNEs from different home countries (WILLIAMS, 2003;JONES and WREN, 2004). However, there is little evidence that the UK or Welsh governments have been paying active attention to country-of-origin issues when determining which foreign-based MNEs to attract to Wales (MACKINNON and PHELPS, 2001;WELSH AFFAIRS COMMITTEE, 2012).…”