Diaspora investment promotion via public–private partnerships: Case-study insights and IB research implications from the Succeed in Ireland initiative

Abstract

Recent research in international business and related fields suggests that a country’s overseas migrant populations can facilitate its inward flow of foreign direct investment (FDI). How do recipient-country governments interested in attracting more migrant-facilitated FDI respond? We provide the first exploratory study of recipient-country response by examining a public–private partnership (PPP) between government-run investment promotion agencies and diaspora-focused non-governmental organizations (NGOs). Evidence from a review of the Succeed in Ireland initiative, a partnership between the Investment Development Agency of Ireland and an NGO called ConnectIreland, provides novel insights into PPP strengths and weaknesses. We use these insights to develop propositions for future research and practical guidance on the optimal PPP design to attract more migrant-facilitated FDI.