In the globalised economy the promotion of foreign direct investments (FDIs) has been widely adopted as a regional development policy. In Western Europe, in particular, investment promotion agencies (IPAs) have become recipients of an ever-increasing set of functions that go beyond their original mission: from investment promotion to the retaining and embedding of foreign investors into the domestic economy. This chapter argues that this sophistication is probably making investment agencies more and more similar to regional development agencies. Given this hypothesis the results of a comparative analysis of some renowned European IPAs are thus discussed in order to investigate the next generation of regional FDI policies.
Aims, functions and structures of European Investment Promotion Agencies. A Comparative Analysis.
Rota Francesca S.;SALONE, Carlo
2012-01-01
Abstract
In the globalised economy the promotion of foreign direct investments (FDIs) has been widely adopted as a regional development policy. In Western Europe, in particular, investment promotion agencies (IPAs) have become recipients of an ever-increasing set of functions that go beyond their original mission: from investment promotion to the retaining and embedding of foreign investors into the domestic economy. This chapter argues that this sophistication is probably making investment agencies more and more similar to regional development agencies. Given this hypothesis the results of a comparative analysis of some renowned European IPAs are thus discussed in order to investigate the next generation of regional FDI policies.
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