LEADER 03716cam a22006735i 4500001 99131233867806421 005 2017120105327.0 006 m o d 007 cr cn||||||||| 008 020129s2009 dcu o i00 0 eng^^ 024 7 10.1596/28205 |2doi 035 (CKB)4920000001211362 035 (The World Bank)28205 035 (US-djbf)28205 035 (EXLCZ)994920000001211362 040 DJBF |beng |cDJBF |erda 110 2 Multilateral Investment Guarantee Agency. 245 10 Global Investment Promotion Benchmarking Report : |bEyes on COMESA. 246 Global Investment Promotion Benchmarking Report 264 1 Washington, D.C. : |bThe World Bank, |c2009. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Investment Climate Assessment 520 3 Many countries are convinced that Foreign Direct Investment (FDI) should be an important component of their growth strategy. To encourage FDI, they have improved their business climates, developed various guarantees for investors, and offered incentives. In the real world, Investment Promotion Intermediaries (IPIs) face tight budget and human resource constraints. Allocating scarce resources among the various possible activities is a major component of developing an effective promotion strategy. Research, including that covered in this report, suggests that many IPIs are failing to devote enough attention to the most basic-and least costly-promotion function, one that, if it fails, undermines all other promotion activities. Provision of services to potential investors-and particularly the provision of information-is basic to all promotion. Image-building efforts can be hugely expensive. Similarly, targeted missions and personal selling are costly in terms of both time and effort. FDI offers the prospects of growth and jobs to host countries, but attracting it requires a good deal of effort. Effective investment promotion is not only less costly than adding on more incentives for investors; reform and incentives are unlikely to accomplish their goals without promotion. Promotion efforts will, however, fail to attract desired investment if IPIs are not skilled at the most basic function: collecting and providing to potential investors relevant and timely information. Ensuring that this function works well should be the top priority in the promotion strategy and in the development of management systems. 650 4 Business Environment 650 4 Credibility 650 4 Debt Markets 650 4 Developing Countries 650 4 Economic Development 650 4 Exporters 650 4 External Debt 650 4 Finance and Financial Sector Development 650 4 Financial Sector 650 4 Financial Services 650 4 Foreign Direct Investment 650 4 Governance 650 4 Gross Domestic Product 650 4 Host Countries 650 4 Information Technology 650 4 International Finance 650 4 Investment Climate 650 4 Labor Market 650 4 Low-Income Countries 650 4 Macroeconomics and Economic Growth 650 4 Marketing 650 4 Middle-Income Countries 650 4 Multilateral Investment Guarantee Agency 650 4 Outsourcing 650 4 Private Sector 650 4 Private Sector Development 650 4 Project Management 650 4 Telecommunications 650 4 Transaction Costs 650 4 Web Sites 710 2 International Finance Corporation. 710 2 Multilateral Investment Guarantee Agency. 710 2 World Bank. 830 0 Investment Climate Assessment 830 0 World Bank e-Library. 906 BOOK