By Riccardo Crescenzi (LSE), Arnaud Dyevre (LSE) and Roberto Ganau (LSE, University of Padova)
Politicians around the world have devoted significant efforts and resources to attract foreign direct investment (FDI). The assumption is that multinationals bring in new skills and ideas, create jobs and spur on local companies. But is all this effort really worth it? Is the impact […]
By Giulio Buciuni (Trinity College Dublin, left) & Gary Pisano (HBS, right)
The increasing intersection of industrial clusters and regions and globally dispersed production networks has lately given shape to ‘hybrid’ forms of industrial organisation, where the local and global dimensions coexist, writes Giulio Buciuni (Trinity College Dublin) and Gary Pisano (HBS). This work aims to makes sense of the […]
By Vincenzo Scrutinio (LSE, left), Christian Fons-Rosen (UPF, Barcelona GSE, CEPR, middle) and Katalin Szemeredi (Corvinus, LSE, right)
Despite many attempts to evaluate the effect of FDI on local economies, there is still a great degree of uncertainty. In a recent work, we evaluate the impact of opening of plants by large companies in the US on innovation at county level. By […]
By Valentina De Marchi (UNIPD, left), Elisa Giuliani (UNIPI, centre), and Roberta Rabellotti (UNIPV, AAU, right)
The role of developing countries in the global economy via embeddedness in Global Value Chains (GVC) is increasing, but their ability to become innovation leaders is less certain, write Valentina De Marchi, Elisa Giuliani and Roberta Rabellotti. Our analysis on GVCs in developing countries […]
By Nicola Cortinovis (left) and Frank van Oort (right), Erasmus University Rotterdam
Knowledge and technology can spill over from multinational enterprises (MNEs) to local firms through channels other than buyer-supplier relations, write Nicola Cortinovis and Frank van Oort. The analysis shows that industrial relatedness (e.g. in terms of technologies and skills) between industries conveys spillover effects from MNEs, resulting in […]
By Vito Amendolagine (UNIPV, far left), Andrea Presbitero (IMF, centre left), Roberta Rabellotti (UNIPV, AAU, centre right), and Marco Sanfilippo (UNIBA, Antwerp, far right)
The increasing involvement of developing countries in Global Value Chains (GVCs) could enhance the spillover effects of Foreign Direct Investment (FDI), write Vito Amendolagine, Andrea Presbitero, Roberta Rabellotti and Marco Sanfilippo. Our analysis shows a high […]
By David Arnold (LSE)
The attraction of foreign firms through foreign direct investment has a positive impact on innovative activities of UK regions, writes David Arnold. This effect is particularly pronounced in regions that engage in high levels of research and development. The current approach to Brexit, however, is stirring fears that the UK will become a less attractive destination […]
By Ronald Wall (IHS, Wits)
In recent years, foreign direct investment (FDI) has steadily increased towards the Global South. Africa can take advantage of this trend to promote Africa’s growth potential and drive more inclusive economic growth, writes Ronald Wall. African cities will play a key role in this process by better integrating Africa within global investment systems. This article […]
By Diana Tello (LSE)
FDI can act as a channel of transmission to international shocks and as a relevant component of regional resilience, writes Diana Tello. By looking at the economic conditions of Spain before and after the Great Recession, FDI can boost the resilience of regions. However, the extent to which FDI affects resilience varies across sectors.
The Great Recession […]
By David Bailey (Aston, left), Nigel Driffield (Warwick, centre), and Michail Karoglou (Aston, right).
Supply chains cross borders many times before components go into a final product in any EU country, write David Bailey, Nigel Driffield, and Michail Karoglou. When the UK leaves the Single Market, it will be a less attractive destination for firms wanting to coordinate their resources. […]
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