Case Studies of Best Practices in FDI Promotion

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Case Studies of Best Practices in FDI Promotion The World in Europe, global FDI flows towards Europe Case studies of best practices in FDI promotion Applied Research Scientific Report March 2018 This applied research activity is conducted within the framework of the ESPON 2020 Cooperation Programme, partly financed by the European Regional Development Fund. The ESPON EGTC is the Single Beneficiary of the ESPON 2020 Cooperation Programme. The Single Operation within the programme is implemented by the ESPON EGTC and co-financed by the European Regional Development Fund, the EU Member States and the Partner States, Iceland, Liechtenstein, Norway and Switzerland. This delivery does not necessarily reflect the opinion of the members of the ESPON 2020 Monitoring Committee. Authors Eva Rytter Sunesen (Copenhagen Economics) Iryna Kristensen, Julien Grunfelder, Linda Randall and Alberto Giacometti (Nordregio) Advisory Group Project Support Team: Mathilde Konstantopoulou, Ministry for Economy & Development (Greece), Maria Ginnity, Department of Jobs, Enterprise and Innovation (Ireland) ESPON EGTC: Sandra Di Biaggio (Senior Project Expert), Laurent Frideres (Head of Unit, Evidence and Outreach), Ilona Raugze (Director), Piera Petruzzi (Senior Project Expert European Outreach), Vassilen Iotzov (Project Expert Press and Media Activity), Johannes Kiersch (Financial Expert). Information on ESPON and its projects can be found on www.espon.eu. The web site provides the possibility to download and examine the most recent documents produced by finalised and ongoing ESPON projects. This delivery exists only in an electronic version. © ESPON, 2018 Printing, reproduction or quotation is authorised provided the source is acknowledged and a copy is forwarded to the ESPON EGTC in Luxembourg. Contact: [email protected] The World in Europe, global FDI flows towards Europe Case studies of best practices in FDI promotion Scope and introduction to the study This scientific report is part of the study The World in Europe, global FDI flows towards Europe, and the overall objective of this part of the study is to analyse global FDI flows towards Europe (extra-European FDI). The insights gained in this report will be used to develop tailor-made policy recommendations that can help spur FDI into Europe. The final conclusions and recommendations from the study are summarised in the executive summary along with the findings from the other parts of the study. Overview of deliveries in the study Table of contents List of Figures ............................................................................................................................ iv List of Maps ............................................................................................................................... iv List of Tables ............................................................................................................................. iv List of Boxes ............................................................................................................................... v 1 Introduction ........................................................................................................................ 1 1.1 Policy for FDI attraction ........................................................................................ 1 1.2 FDI impact ............................................................................................................ 4 1.3 Objectives of the case studies .............................................................................. 4 1.4 Case list and selection criteria .............................................................................. 5 1.5 Methodology ......................................................................................................... 6 1.6 Overview of case studies ..................................................................................... 1 2 Ireland: Dublin and the Mid-East Region .......................................................................... 2 2.1 Context overview and existing investment framework ......................................... 2 2.2 Territorial factors impacting FDI flows .................................................................. 3 2.2.1 Territorial overview .................................................................................. 4 2.2.2 Innovation profile ..................................................................................... 6 2.2.3 Barriers, weaknesses and challenges ..................................................... 6 2.3 FDI policy framework ............................................................................................ 7 2.3.1 Overarching strategy ............................................................................... 7 2.3.2 Forms of government intervention ........................................................ 10 2.4 FDI impact .......................................................................................................... 12 2.5 Concluding remarks ........................................................................................... 12 3 Denmark: Greater Copenhagen Region ......................................................................... 14 3.1 Context overview and existing investment framework ....................................... 14 3.2 Territorial factors impacting FDI flows ................................................................ 15 3.2.1 Territorial overview ................................................................................ 16 3.2.2 Research and innovation profile ............................................................ 16 3.2.3 Main challenges and weaknesses ........................................................ 16 3.3 FDI policy framework .......................................................................................... 17 3.3.1 Overarching strategy ............................................................................. 17 3.3.2 Forms of government intervention ........................................................ 18 3.4 FDI impact .......................................................................................................... 20 3.5 Concluding remarks ........................................................................................... 21 4 Germany: Nuremberg Metropolitan Region (Bavaria) ..................................................... 22 4.1 Context overview and existing investment framework ....................................... 22 4.2 Territorial factors impacting FDI flows ................................................................ 23 4.2.1 Territorial overview ................................................................................ 24 4.2.2 Research and innovation profile ............................................................ 25 4.2.3 Main challenges and weaknesses ........................................................ 26 4.3 FDI Policy Framework ........................................................................................ 28 4.3.1 Overarching strategy ............................................................................. 28 4.3.2 Forms of government intervention ........................................................ 30 i 4.4 FDI impact .......................................................................................................... 30 4.5 Concluding remarks ........................................................................................... 31 5 Poland: Wrocław and the Lower Silesia Region ............................................................. 32 5.1 Context overview and existing investment framework ....................................... 32 5.2 Territorial factors impacting FDI flows ................................................................ 33 5.2.1 Territorial overview ................................................................................ 34 5.2.2 Research and innovation profile ............................................................ 35 5.2.3 Barriers, weaknesses and challenges ................................................... 36 5.3 FDI policy framework .......................................................................................... 36 5.3.1 Overarching strategy ............................................................................. 36 5.3.2 Forms of government intervention ........................................................ 38 5.4 FDI impact .......................................................................................................... 44 5.5 Concluding remarks ........................................................................................... 45 6 The Netherlands: the Greater Hague Region ................................................................. 46 6.1 Context overview and existing investment framework ....................................... 46 6.2 Territorial factors impacting FDI flows ................................................................ 48 6.2.1 Territorial overview ................................................................................ 49 6.2.2 Research and innovation profile ............................................................ 51 6.2.3 Main challenges and weaknesses ........................................................ 51 6.3 FDI policy framework .......................................................................................... 52 6.3.1 Overarching strategy ............................................................................. 52 6.3.2 Forms
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