Attractiveness for Innovation
Location Factors for International Investment
Attractiveness for investment in innovation is high on the policy agenda in many countries as innovation is a key factor of growth and competitiveness in OECD countries. Virtually all governments are keen to attract international investment by multinational enterprises (MNEs) as a means to promote growth and employment, create new jobs and bring in new technologies.
While all countries and regions have some policy measures in place that are aimed at increasing their attractiveness for innovation, it is less clear if these policies are effective.
This report analyses the current trends in international investment in innovation and the attractiveness policies already implemented. These are often based on the more traditional instruments for attracting international investment. The book also explores in more detail the role of investment incentives that governments tend to give to international investors: their rationale, their impact and their usefulness.
The evidence presented in this report raises clear policy issues and questions existing policies. A number of policy principles are formulated to guide policy makers.
- Click to access:
-
Click to download PDF - 2.98MBPDF
-
Click to Read online and shareREAD
Foreword
Virtually all governments are keen to attract international investments by multinational enterprises (MNEs) as these promote growth and employment by creating new jobs, realising new investments and bringing in new technologies. Policy makers are interested in the direct and indirect value that new investments by MNEs can bring to their country. By encouraging multinationals to establish local affiliates, host countries hope to generate technology transfer to local firms since foreign direct investment (FDI) is one of the most important channels through which technology is transferred across countries.
- Click to access:
-
Click to download PDF - 324.92KBPDF
-
Click to Read online and shareREAD