Hello and welcome to www.meca.ie the Foreign Direct Investment Promotion Specialists.
My name is Matt Connolly, Founder and CEO of MECA International.
If you would like to get in touch via email please do here
Croatia, Oct 2010
Download my contact details direct as a vcf contact useable in outlook here
MECA Intl. An In Depth Look
MECA Intl is based in
Matt Connolly, CEO of MECA Intl, draws
on 25 years experience at IDA Ireland, the agency responsible for developing
Since 1995 MECA Intl has advised agencies for trade and investment in a range of countries in Eastern & Southern Europe; Middle East; Africa; Asia; and the Caribbean*.
MECA Intl provides expertise in investment promotion strategy; institutional development; IT systems; market research; marketing; promotional tools; HRD; investor protection legislation; business de-regulation; development and management of industrial property/ special economic zones; and sector selection and development.
MECA has also developed and delivered training programmes on FDI and export promotion for a range of investment and trade promotion agencies worldwide.
MECA Intl has undertaken a wide range of projects funded by organisations such as the EU, World Bank, MIGA, USAID, and PRO€INVEST.
* Technical advisory services and training programmes have been delivered in:
Benefits of Foreign Direct Investment (FDI)
Inward investment has important benefits for a number of reasons, the most important being:
It is a source of employment, both directly in the project itself and indirectly through the purchase of materials and services. While the number and quality of jobs created varies in accordance with the size of the investment and the nature of the production or service process itself, the most common benefit associated with FDI is increased employment. With new employment comes additional income and spending power for local residents.
It widens the local tax base and contributes to the tax revenues of the country. Even if foreign investors are granted complete relief from taxes for a period of time through investment incentives, governments can earn increased revenue from the payment of personal income taxes as a result of the new jobs created by FDI and corporate taxes from local suppliers selling to foreign investors.
Export-oriented FDI generates foreign exchange earnings and diversifies the range of export markets served from the country. Because of their size and access to overseas marketing and distribution networks, foreign multi-nationals typically find it easier to enter export markets. By diversifying a country’s manufacturing and services base and its geographic market base, FDI promotes the wealth of the country. In addition, the presence of foreign-owned exporting firms has proved influential in encouraging local firms to enter export markets.
It creates the opportunity for local companies to sell raw materials, components or services to foreign-owned firms. This encourages the local companies to raise their quality levels and delivery reliability. Foreign firms often introduce new products to the local economy, and domestic firms are often encouraged to compete with these products. In addition, through their interaction with a foreign-owned company, domestic suppliers, customers and competitors are often stimulated to higher levels of investment, productivity and innovation. The result is greater economic efficiency and higher-quality production by domestic firms.
FDI inflows tend to lead to an increase in domestic investment as companies gain access to distribution channels opened by inward investors, become suppliers to them, or respond to competition from multinational companies.
Inward investors can provide markets for local companies at international standards of quality, price and service but without the transport costs and time disadvantages they might suffer in having to export. This exposure allows local companies to be competitive in export markets because foreign companies force local companies to be more effective; this tends to improve service levels, attitude of personnel and the general business environment.
It can transfer state-of-the-art technology, skills and management practices to the host country. It can improve a country’s access to technology through licensing, joint ventures, and local trade. Employees of multinational corporations may use the skills and know-how they have acquired to set up new companies or to join existing local companies. Whatever the form, technology and skills transfer tends to lead to improved productivity growth, entrepreneurship, and openness to education.
Foreign companies usually carry out more on-the-job training than local firms do. These skills are often transferred to other sectors and activities when employees seek new jobs or establish their own businesses.
Overseas investors can engage in independent research and innovation activities and in collaborative research in conjunction with third-level institutions in the host country.
Inward investors make important contributions to industrial policy to the greater national benefit.