Stop Chasing Tax Breaks. The Real Investment Engine Is Something You Can’t Buy.
McKinsey’s research reveals a bitter truth: investment piles into regions already rich in talent, trust, and networks. Tax breaks don’t close the gap—they widen it. The winning strategy isn’t cheaper land; it’s building a unique ecosystem that money can’t buy. For leaders in business and policy, the path forward is to stop copying and start cultivating what only your place can offer.