This post analyses the prospects for trade and foreign direct investment (FDI) diversification, with a particular focus on the UK and Canada in the age of Brexit. Daniel Shapiro, Saul Estrin, Christine Cote, Klaus Meyer, and Jing Li examine the nature of trade in services using ideas developed in the international business and economic geography literatures to explore the interrelationships among multinational enterprises, global value […]
Innovation Trajectories in Developing Countries: How Global Value Chains and Innovation Systems co-evolve
By Padmashree Gehl Sampath (UNCTAD), Rasmus Lema (Aalborg University) & Roberta Rabellotti (Università di Pavia & Aalborg University)
The increasing involvement of developing countries in Global Value Chains (GVCs) when supported by well-developed Innovation Systems (ISs) could influence the building of technological and innovation capabilities of their firms and sectors. Introducing the notion of co-evolution of global value chains and […]
By Randolph Bruno (UCL, left), Nauro Campos (Brunel, centre) and Saul Estrin (LSE, right).
Foreign direct investment is a key aspect of globalization. The conventional wisdom is that although economic effects of FDI on the host economy are mostly positive, they are conditional. For example, they depend on host countries having reached critical levels of human capital or institutional quality. […]
By Riccardo Crescenzi and Simona Iammarino, LSE, department of Geography and Environment.
Corporate networks have dramatically altered regional connectivity and interdependence around the world. Multinational enterprises’ (MNE) networks have created both winning and lagging cities in a globalised world, spurring uneven regional development. For regions and cities access to internal and external knowledge is not about simple regional connectedness – i.e. the architecture […]
Mind the gap! How European cities and regions can unlock new investments by cutting their distance with emerging economies
As the amount of FDIs from emerging economies is rapidly growing, European cities need to adopt new strategies to attracts these investments. With a clear understanding of what motivates these firms to invest in Europe, both a post-Brexit UK and continental Europe have the potential to convert FDIs from emerging economies into growth, jobs and innovation, Riccardo Crescenzi and […]
By Alexander Jaax, LSE
Despite its relatively advanced technological position after the collapse of the Soviet Union and substantial investments in research and development (R&D), Russia’s innovative performance remains astonishingly low. Amidst concerns over natural resource dependence, innovation has moved up the political agenda in recent years. International connectivity is of pivotal importance to the creation of new knowledge in […]