Skills: The New Push to Attract Investment
Countries worldwide all vie to attract inward investment based on their competitive and comparative advantages in various sectors. Few countries stand out however in how they use skills as a key incentive to get foreign direct investment – Singapore and Ireland for example. Developing countries, however, tend to focus their efforts mainly on “creating” an ecosystem that appeals to investors. This usually translates into incentives, tax breaks, incubators to set up initial operations with little attention if any, paid to the skills requirements.