a TV-Station - American Chamber of Commerce in Denmark
a TV-Station - American Chamber of Commerce in Denmark
a TV-Station - American Chamber of Commerce in Denmark
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Additionally, numerous studies from a range <strong>of</strong> countries<br />
conclude that mult<strong>in</strong>ationals are generally more productive than<br />
non-mult<strong>in</strong>ationals. Workers with previous experience from<br />
mult<strong>in</strong>ational firms tend to transfer their know-how to Danish<br />
firms, thereby <strong>in</strong>creas<strong>in</strong>g their productivity.<br />
However, there has been an <strong>in</strong>creas<strong>in</strong>g gap between <strong>in</strong>ward and<br />
outward foreign direct <strong>in</strong>vestments (FDIs). Until 2003 the two<br />
were basically identical, but by 2009 the stock <strong>of</strong> outward FDIs was<br />
nearly 50 percent higher than the stock <strong>of</strong> <strong>in</strong>ward. This gap between<br />
<strong>in</strong>ward and outward FDIs is particularly large with<strong>in</strong> the area <strong>of</strong><br />
manufactur<strong>in</strong>g.<br />
S<strong>in</strong>ce foreign owned firms seem to be important for productivity<br />
and growth, the gap that has arisen between outward and<br />
<strong>in</strong>ward FDIs is worry<strong>in</strong>g. This <strong>in</strong>dicates that <strong>Denmark</strong> has to<br />
re<strong>in</strong>vent its attractiveness – either by becom<strong>in</strong>g more attractive<br />
to manufactur<strong>in</strong>g firms or by becom<strong>in</strong>g more attractive <strong>in</strong> other<br />
<strong>in</strong>dustries.<br />
“Only 1.2 percent <strong>of</strong><br />
companies <strong>in</strong> <strong>Denmark</strong><br />
are foreignowned.<br />
However,<br />
these companies<br />
employ more than<br />
18 percent <strong>of</strong> the<br />
total number <strong>of</strong><br />
employees <strong>in</strong> the<br />
private sector - and<br />
create 21.5 percent<br />
<strong>of</strong> the value added<br />
and nearly 27 percent<br />
<strong>of</strong> the Danish<br />
export.”<br />
DKK billion<br />
950<br />
850<br />
750<br />
650<br />
550<br />
450<br />
350<br />
250<br />
Outwards Inwards<br />
Kim Østrup (IBM)<br />
presents mult<strong>in</strong>ational<br />
report f<strong>in</strong>d<strong>in</strong>gs<br />
Inward and Outward FDI for <strong>Denmark</strong> 1999-2009<br />
Mult<strong>in</strong>ational EntErprisEs<br />
<strong>in</strong> DEnMark… Value added,<br />
<strong>in</strong>vestments and Jobs!<br />
Torben Pedersen and Jan rose skaksen / Copenhagen Bus<strong>in</strong>ess sChool<br />
FDI Gap: DKK 275 Billion<br />
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009<br />
Source: Danmarks Nationalbank (2011)<br />
33