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 […]
By Przemyslaw Kowalski (CASE)
Creating an environment where technology-intensive FDI occurs has become a key policy objective in most countries, writes Przemyslaw Kowalski (CASE). By reviewing best policies to maximise technology-related gains from FDI, my colleagues and I have found a wide variety of policy approaches to encouraging FDI-related technology transfer and a wide range of effects in terms of […]
By Paola Conconi (ULB, LSE)
As March 2019 draws closer, the UK government remains divided over the type of trade relationship it wants to achieve in the ongoing negotiations with the EU. Paola Conconi (ULB, LSE) explains why Japanese multinationals may pull out of the UK in case of a hard Brexit, one which would mean there is no kind of customs […]
By Ramón Padilla-Pérez (UN-ECLAC)
Global actors can interact along local value chains through international trade and foreign direct investment flows, writes Ramón Padilla-Pérez. By leveraging the value chain approach for rural areas, recent policies have led to economic and social upgrading in Latin America.
Latin American countries in general have seen a revival of industrial policies in recent years, amid a […]
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 Henry Overman (LSE)
With Brexit looming, the What Works Centre for Local Economic Growth has been running a series of workshops with local areas to think about different policy responses and consider what the evidence says on effectiveness, writes Henry Overman. One thing that local areas wanted to know was what the evaluation evidence said on export support and […]
By Gary Gereffi (left) and Karina Fernandez-Stark (right), Duke University GVC Centre
Global Value Chain (GVC) research can play an important role in addressing key development and competitiveness issues, write Gary Gereffi and Karina Fernandez-Stark. It allows one to understand where, how, and by whom economic, social and environmental value is created and distributed. Various stakeholders can use the results of a […]
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. […]
By Riccardo Crescenzi (LSE, left), Arnaud Dyèvre (LSE, centre), and Frank Neffke (Harvard, right).
Innovation is the motor of long-term economic growth, fostering wealth and prosperity. However, world cities and regions are extremely unequal in their potential to innovate. While some cities and regions generate most of the world patents and concentrate most of R&D spending, the vast […]
By Bernhard Dachs (AIT, left) and Georg Zahradnik (AIT, right).
The internationalisation of private investments in Research and Development has been a major development within the globalisation of innovation over the past three decades. While multinational enterprises (MNEs) used to carry most of their R&D activities in their home countries, R&D investments by MNEs abroad now account for around 28% of all […]