Publication: Institutions for Investment: Establishing a High-Performing Institutional Framework for Foreign Direct Investment
Date
2021-02-18
ISSN
Published
2021-02-18
Author(s)
Heilbron, Armando
Whyte, Robert
Abstract
A well-functioning institutional
framework can result in higher levels of foreign direct
investment. It requires several factors such as a shared
strategic vision, solid institutions capable of delivering
on their specific mandates and collaborating beyond their
walls, and a strong political and financial support for all.
The note describes key government functions for investment,
suggests a process and principles for creating optimal
institutional structures to deliver them, and provides
examples. In particular, it examines the role of investment
promotion agencies (IPAs) the agency usually tasked with
operationalizing government FDI goals as well as the
dilemmas that governments face in the context of
institutional specialization versus function consolidation.
Citation
“Heilbron, Armando; Whyte, Robert. 2021. Institutions for Investment: Establishing a High-Performing Institutional Framework for Foreign Direct Investment. Finance, Competitiveness and Innovation in Focus;. © World Bank, Washington, DC. http://hdl.handle.net/10986/35198 License: CC BY 3.0 IGO.”