24.07.2013 Views

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

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!