1、THE NEWLAWS OF FDIATTRACTIONHOW TO ATTRACT,MEASUREAND SUSTAIN QUALITY FDI2 OCO GLOBAL-WAIPA INNOVATION REPORT 2023Welcome to the 2023 IPA Innovation Report.As FDI professionals we have all witnessed investment dynamics going through deep transformations over the past years.Recent events such as the

2、war in Ukraine,the energy crisis,and inflation,have only accelerated the pace at which FDI is evolving and reshaping.But what does that mean for Investment Promotion Agencies(IPAs)?The OCO Global-World Association of Investment Promotion Agencies partnership has allowed us to survey 74 IPAs from aro

3、und the world to learn how they are responding to these changes.This global reach has allowed us to take in different perspectives across every continent from national agencies,regions,and cities.Our respondents have reported a transformation in the global economy over the last few years,and the fut

4、ure remains one of uncertainty and complexity.This is the challenge for IPAs,and as our new research shows,it is a challenge that is already fundamentally changing how they make strategic decisions and operate.While budgets and staffing are stretched,the investment process is becoming increasingly r

5、esource intensive.IPAs are not only dealing with more demanding investors,but policy choices towards quality over quantity require additional work to source and secure the best projects.Talent is now well and truly part of investment promotion and we have discovered how more IPAs are developing tale

6、nt attraction strategies to complement their existing work.The role of cities and their collaboration with companies,universities and national IPAs-is likely to become crucial to address the talent attraction challenge.Technology and AI have already revolutionised much of the worlds economy.But,with