The New Competition for Inward Investment: Companies, Institutions and Territorial Development

by Nicholas Phelps (Editor), Philip Raines (Editor)

Overview

The competition for inward investment among regions and within and between nations is intense, and the promotional agencies concerned are increasingly innovative in their competitive strategies. This book examines the new competition for inward investment and, in particular, discusses the interconnections between localities that this creates. Two key dimensions of this are pursued, with examples from the EU, North America and the Far East.

First, the book deals with the new corporate investment dynamics such as time-based competition and the increasing significance of repeat investment. Second, the contributors explore the local and national institutional dynamics of increasingly creative efforts to attract mobile investments. These new corporate and institutional dynamics raise important issues regarding local and national democracy, and the sustainability of economic development.

The New Competition for Inward Investment is an inter-disciplinary book with an international focus. As such, the book will appeal to scholars of international business and especially those interested in the economic dimensions of globalisation and the globalisation debate. It will also be of interest to scholars and practitioners of regional science and regional economic development, including economic geographers and town planners.

Product Details

ISBN-13:	9781840647853
Publisher:	Edward Elgar Publishing
Publication date:	09/29/2003
Series:	New Horizons in International Business series
Pages:	256
Product dimensions:	6.12(w) x 9.25(h) x (d)

About the Author

Edited by Nicholas Phelps, Professor and Chair of Urban Planning, University of Melbourne, Australia and Philip Raines, Policy Analyst, Scottish Executive, Edinburgh, UK

Table of Contents

Contents: Preface 1. Introduction 2. Core Industries, Coercive Competition and the Structural Contradictions of Global Neoliberalism 3. MNCs and Wannabes – Inward Investment, Discourses of Regional Development, and the Regional Service Class 4. Attracting Foreign Direct Investment to the United States: The Joust Between the Federal Government and the States 5. The Politics of Orchestrating Inward Investment: Institutions, Policy and Practice in the Industrial Midwest 6. Uncertainty, Incentives, and the Preservation of an Industrial Icon: The Case of Toledo Jeep 7. Flows and Territories: The New Geography of Competition for Mobile Investment in Europe 8. Cross-border Plant Closures in the EU: UK Perspectives 9. Joining the Competition: Central and Eastern European Challenge to Established FDI Destinations? 10. Business Cultures, the State, and the Changing Investment Environment of East and Southeast Asia 11. Scramble for FDI: The Experience of Guangdong Province in Southern China 12. Conclusions: Who’s Competing with Whom? Index

Editorial Reviews

'This book critically engages the problems that arise from what the editors call a new competition for inward investment and is thus a welcome contribution to the growing literature on globalization and regional development. The editors, with expertise in both theory and politics of inward investment, have compiled a valuable collection of essays scrutinizing the role of companies and institutions in shaping territorial development. . . . the book addresses issues that are of great interest to academics and policymakers alike. . . . The book is well worth reading, particularly for graduate students of economic geography and political science. Its critical approach to investment policies is a welcome contribution to the literature on oligopolies, inward investment, and regional development.'

Martin Hess