Abstract
This article examines the rise of the investment promotion community. The investment promotion community is composed of a diverse set of actors that include individuals to major multinational enterprises in the private sector, the investment promotion agencies of governments, international organizations (such as the World Bank), as well as associations and e-mail and web-based networks of interest. The investment promotion community can be considered as a cadre of ‘intermediaries’ in the market for foreign direct investment (FDI). However, the role of these intermediaries in fostering international economic integration via FDI flows is geographically uneven. A development paradox exists whereby the investment promotion industry is most developed in those developed-country contexts in which it is least needed in order to promote FDI and least developed in those developing-country contexts to which FDI does not flow automatically.
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