By Bernhard Dachs (Austrian Institute of Technology) and Stefan Pahl (University of Groningen)
Global value chains (GVCs) have been a dominant trend in the world economy since the 1970s, but more recently their growth appears to be stagnating. In this article Bernhard Dachs and Stefan Pahl explore the roles of shifting global demand, backshoring, and regional integration in Asia in […]
By Carlo Pietrobelli (University Roma Tre and UNU-MERIT)
Mining activities in developing countries have traditionally been considered a form of economic enclave, with limited linkages to the local economy. This column challenges this view by arguing that mining activities are increasingly organized as global value chains (GVCs). Moreover, developments in science and technology are opening up new opportunities for innovative […]
By Riccardo Crescenzi (LSE), Marco Di Cataldo (LSE) and Mara Giua (LSE, University Roma Tre)
National and sub-national governments around the world have deployed a wide array of public policy tools to attract Foreign Direct Investment – from tax breaks and light regulations to subsidised facilities and new transport infrastructure. The problem is that there is very limited evidence to […]
By Riccardo Crescenzi (LSE)
The beauty contest between a number of USA cities to host the new Amazon base has unveiled how important the location of major companies is for regional and city development. However, it also showed how difficult it is for cities and regions to gain from what is potentially a race-to-the-bottom where only big Multinationals are […]
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 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 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 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 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 Koen De Backer (OECD)
There are growing concerns in advanced economies that the offshoring of production activities might be followed by the offshoring of innovative activities. This article presents the findings of a new OECD study that investigates the interdependence between production and innovation in the cross-border investments of multinational enterprises. The econometric results do not provide support for […]
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