Economic stability

Political stability

Infrastructure

Labor market

Supplies and inputs

Image issues

Labor cost

Exchange rate risks, inflation, terms of trade

Industrial structure

Natural resources

Public debt, currency reserves

Banking system, transfer of capital

General economic situation

Potential for domestic or foreign political conflict

Strength and continuity of government

Support by political actors (including incentives)

Reliability of administration

Investment regulation

Road network (density, quality, access)

Railway network

Waterways

Airports, airlines

Telecommunication networks

Utilities (electricity, gas, water, ...)

Waste disposal (solid, ...)

Number and know-how of higher education graduates, skilled workers, unskilled workers

Language and cultural barriers

Industrial experience (including 3-shift operation, 7-day-week)

Motivation, willingness and capacity to learn

Mobility, flexibility

Number / availability of qualified suppliers

Local content regulations

Import and export taxes

Reliability of just-in-time systems

Image of the country abroad

Image of the company in the country

Capability of the national XY-industry

Effective labor cost

Labor productivity

Source: Renschler (1995)