(EGM) Foreign Direct Investment in Southeast Asia - Unido

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major determinant of success. This adaptation requires rigorous analysis, accurate and valid knowledge of local conditions, and continuous surveying of FDI variables – activities that are performed neither regularly nor profoundly across much of the Southeast Asian region. 20
Theme 3 FDI, Boundaries, Hierarchies and Markets First presentation summary Presenting an analytical framework within which FDI policy instruments can be designed, Frank Bartels provided the various policy objectives, instruments and implementation processes available to IPAs. Against the background of sovereign authorities being able “to shape -- or even distort -- the economic environment of the host country, in order to attract and retain higher levels of value-adding FDI”, the dimensions of FDI policy objectives were seen in terms of the growth of factors and variables. These factors and variables may be grouped in terms of: i) investment or business climate benchmarking 1 ; ii) Competitive Industrial Performance criteria [UNIDO (2002)]; iii) fiscal items (e.g. direct and indirect taxation); and iv) non-fiscal items (e.g. grants). The major challenge confronting policy-makers is that, in a world increasingly influenced by the World Trade Organisation (WTO) and a rules-based approach to policy matters, plus diminishing barriers to factor mobility, the range of FDI promotion has expanded to include all the factors and variables of: i) FDI determinants and motivations; ii) structural adjustment 2 ; iii) business operational environment 3 ; iv) enterprise performance 4 ; v) ability to do business ‘without a hassle’ 5 ; vi) macro-economic competitiveness 6 ; vii) economic freedom 7 ; 1 For example, see A. T. Kearney, 2004, FDI Confidence Index, Global Business Policy Council, Volume 7; A.T. Kearney, 2004, A.T. Kearney’s 2004 Offshore Location Attractiveness Index: Making Offshore Decisions, Chicago; Fraser Institute, Economic Freedom of the World: 2004 Annual Report, Vancouver; Heritage Foundation, 2005, 2005 Index of Economic Freedom; IMD, 2003, The World Competitiveness Yearbook 2003, Geneva; Transparency International, Framework Document: Background Paper to the Corruption Perceptions Index, Passau; UNDP, 2003, Human Development Report: Millennium Development Goals: A compact among nations to end human poverty, New-York; UNIDO, 2002, Industrial Development Report 2002/2003: Competing through Innovation and Learning, Vienna: UNIDO; WEF, 2000, Global Competitiveness Report, Geneva; World Bank, 2005, Doing Business in 2005, Washington D.C.: IBRD/World Bank/OUP. 2 Resource assets, infrastructure, operating costs, economic performance, governance, taxation, regulatory conditions and framework. 3 Public services and policy, legal system, corruption, regulatory efficiency, mergers monopolies and competition policy, financial services. 4 Regulatory capture, influence and lobbying, labour market, rule of law. 5 Starting a business, hiring and firing workers, access to credit, enforcing contracts, closing a business. 6 Macro-economic conditions, public institutions, technology. 21
Page 3: Foreign Direct Investment in Southe
Page 6 and 7: Abbreviations and Acronyms ADB Asia
Page 8 and 9: thinkers and writers on FDI and mat
Page 10 and 11: The realignment of structural facto
Page 12 and 13: Recent years have seen increasing c
Page 14 and 15: overlap according to production pro
Page 16 and 17: enchmark rankings should be one aim
Page 18 and 19: Theme 2 FDI and National Experience
Page 20 and 21: ‘pipeline’ of harmonising legis
Page 24 and 25: and viii) general foreign investor
Page 26 and 27: Investment policy craft -- creating
Page 28 and 29: policies, as they would treat forei
Page 30 and 31: It appears that the advantages and
Page 32 and 33: seeking to attract FDI? Examining t
Page 34 and 35: attractiveness of the region to inv
Page 36 and 37: Theme 4 FDI and the China Dimension
Page 38 and 39: greater regional collaboration, the
Page 40 and 41: The increasing significance of outs
Page 42 and 43: aise their own finance like any oth
Page 44 and 45: Notwithstanding the dynamics of ris
Page 46 and 47: The logistics of the UNIDO ITPO Del
Page 48 and 49: no longer be an appropriate indicat
Page 50 and 51: FDI lens. Consequently, some IPAs h
Page 52 and 53: Select References Bartels F.L. and
Page 54 and 55: Annex 2: Participants at the EGM Co
Page 56 and 57: Appendix I: Thematic Programme of t
Page 58 and 59: 12.30-14.0 Lunch Plenary Discussion
Page 60 and 61: Appendix II: Opening Statement by t
Page 62 and 63: Appendix III: Opening Statement by
Page 64 and 65: and practitioners in other developi
Page 66 and 67: The themes of the EGM have been car
Page 68 and 69: Appendix V: EGM Working Paper EF Un
Page 70 and 71: ABSTRACT This working paper discuss
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In recent years, we have seen incre
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usiness domestically (improving int
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intra-industry trade, which account
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The agglomeration of markets and di
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These patterns are characterised by
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etween locations and maximises the
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ecome insiders and thus avoid being
Page 86 and 87:
(iv) Those that relate to the “pu
Page 88 and 89:
their indicators 50 of industrial p
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evolve more rapidly to account for
Page 92 and 93:
changing morphology of MNEs with a
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92 Appendix I - Doing Business in A
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94 Appendix II - ASEAN Investment C
Page 98 and 99:
96 Appendix III - Ranking of Econom
Page 100 and 101:
Buckley P. J., Carter M. J., 2004,
Page 102 and 103:
McKinsey & Company, 2003, New Horiz
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(EGM) Foreign Direct Investment in Southeast Asia - Unido

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