Investment promotion in the Visegrad four Countries: post-FDI challenges

The paper analyzes the challenges that investment promotion policies face in the Visegrad 4 (V4) countries in the “post-FDI” age. It categorises these challenges into three groups (the changing competitive advantages of the V4; the questionable long term development impacts of FDI; and the changing nature of multinational production), and argues that investment promotion and other policies in the region have thus far only partially responded to these. The paper recommends a number of policy options for V4 governments which can ensure that these countries not only remain favourable locations for international business, but also benefit from the presence of foreign companies. A number of these measures go beyond traditional investment promotion policies, and thus require a holistic approach from governments.