COMPETE IN: An International Best Practice Review on Regional Investment and Export Strategies

COMPETE IN: An International Best Practice Review on Regional Investment and Export Strategies

Updated at:19/01/2025

Document information

Author

Martina Topić

School

Leeds Beckett University

Year of publication 2019
Place Leeds
Document type Project Report
Language English
Number of pages 83
Format
Size 1.19 MB
  • Internationalisation
  • Best Practices
  • Regional Development

Summary

I. Introduction

The report titled COMPETE IN: An International Best Practice Review on Regional Investment and Export Strategies aims to provide a comprehensive overview of the internationalisation of regions and territories. It highlights successful strategies employed by various countries to attract investments and increase exports. The analysis includes ten selected cases from diverse geographical locations, such as Canada, China, and the USA. Each case serves as a model for understanding how different regions have successfully navigated the complexities of internationalisation. The report emphasizes the importance of a structured framework to evaluate these practices, focusing on key actors, their roles, and the outcomes achieved. This structured approach allows for a clearer understanding of the enabling factors that contribute to successful internationalisation efforts.

1.1 Purpose of the Report

The primary purpose of this report is to narrate the current trends in internationalisation and to analyze how various regions have successfully implemented strategies to attract foreign investments. The report critically examines the best practices identified in the selected case studies, providing insights into the methodologies employed. By comparing these practices with those of the COMPETE IN partners, the report aims to identify commonalities and differences that can inform future strategies. The analysis is grounded in academic literature, which provides a theoretical framework for understanding the dynamics of internationalisation.

II. Methodology

The methodology employed in this report is comparative in nature, allowing for an in-depth analysis of both international best practices and the practices of COMPETE IN partners. This approach facilitates a comprehensive understanding of the various strategies employed across different regions. The report utilizes a common framework to evaluate the selected case studies, focusing on key elements such as the purpose of interventions, key actors, beneficiaries, and enabling factors. This structured analysis not only highlights successful initiatives but also identifies potential areas for improvement. The comparative method is particularly effective in drawing recommendations for future practices, as it allows for the identification of successful strategies that can be adapted to different contexts.

2.1 Data Collection

Data for this report was collected through a thorough review of existing literature and case studies. The selected cases were chosen based on their relevance and success in internationalisation efforts. The report also incorporates insights from various stakeholders involved in the COMPETE IN project, ensuring a well-rounded perspective on the practices being analyzed. This comprehensive data collection process enhances the credibility of the findings and provides a solid foundation for the recommendations presented in the report.

III. Analysis of Best Practices

The analysis of best practices reveals a diverse range of strategies employed by different regions to enhance their internationalisation efforts. The report identifies key themes that emerge from the case studies, such as the importance of collaboration between public authorities, businesses, and academic institutions. Successful initiatives often involve a combination of business mentorship, support services, and incentives for potential investors. The findings suggest that regions that foster strong partnerships and networks are more likely to achieve their internationalisation goals. Furthermore, the report highlights the role of public authorities as enablers of internationalisation, aligning with trends recognized in academic literature.

3.1 Key Findings

Key findings from the analysis indicate that successful internationalisation strategies are characterized by a clear understanding of local strengths and global opportunities. Regions that effectively leverage their unique assets, such as skilled labor or technological innovation, tend to attract more investments. Additionally, the report emphasizes the significance of tailored support services that address the specific needs of businesses looking to expand internationally. These insights provide valuable guidance for policymakers and practitioners seeking to enhance their regional investment and export strategies.

IV. Conclusion

The report concludes by summarizing the key insights gained from the analysis of international best practices in regional investment and export strategies. It underscores the importance of adopting a structured approach to internationalisation, which includes understanding the roles of various stakeholders and the enabling factors that contribute to success. The findings highlight the need for continuous learning and adaptation in response to changing global dynamics. By implementing the recommendations derived from this report, regions can enhance their competitiveness and effectively navigate the complexities of internationalisation.

4.1 Future Directions

Future research should focus on the long-term impacts of the strategies identified in this report. Understanding how these practices evolve over time and their effectiveness in different contexts will be crucial for developing robust internationalisation frameworks. Additionally, exploring the role of emerging technologies and digital platforms in facilitating internationalisation could provide valuable insights for regions aiming to enhance their global presence.

Document reference