California, once the undisputed home of the film industry, is facing increasingly stiff competition from as far afield as the UK and India, as other locations wake up to the possibilities of this lucrative industry and attempt to attract production companies with incentive packages.

Cardiff is emerging as an unlikely hub for the television and film sector, where businesses can access a niche film-making community while getting government support

While most investment promotion agencies are yet to define a social media strategy, there is almost unanimous agreement that such a strategy can prove key to investment promotion efforts.

Montenegro's minister of sustainable development and tourism, Predrag Sekulic, explains how his country's reputation as a high-quality holiday destination is slowly growing, but further investment in construction and infrastructure is needed if it is to continue on an upward trajectory.

Political tensions have long kept Fiji off the investment map, making it difficult for the country to capitalise on its natural beauty and its bountiful resources. But with martial law lifted at the beginning of 2012 and the promise of free elections in the coming years, can Fiji convince the rest of the world that it is finally a safe place to invest?

As spending cuts are made by local governments throughout the Western world, art funding is often one of the first casualties. However, some areas are looking to the arts as a way of attracting investment and regenerating inner cities, such as Carmel in Indiana, which has recently opened a controversial $126m palladium at its Center for the Performing Arts