Tuesday, December 09, 2008

National foreign direct investment policies, industrial development strategies in developing countries and regional policies of developed economies share a common focus. They all arelargely based on the concept of attracting new business to the target territory. The vision of an incoming industrial champion, who may create sustainable employment and who may be the front runner for related businesses to follow, eventually resulting in additional secondary employment effects, has been paramount among policymakers at all layers of government. This subsidies and related government supports are a widely used and important tool for investment and development policies.