Global investments and regional development trajectories: the missing links

By R. Crescenzi, S. Iammarino. Transitions in Regional Economic Development, 2016

130 citations recorded by the source corpus.

ABSTRACT Global investments and regional development trajectories: the missing links. Regional Studies. Regional economic development has been long conceptualized as a non-linear, interactive and socially embedded process: these features were traditionally regarded as spatially mediated and highly localized. However, unprecedentedly fast technological change coupled with the intensification of global economic integration has spurred the need to place regional development in a truly open and interdependent framework. Despite substantial progress in the academic literature, rethinking regional development in this perspective still presents a number of challenges in terms of concepts, empirical evidence and policy approaches. Following an interdisciplinary assessment of how openness and connectivity – proxied by one of the many cross-border flows, i.e., global investments – interact with regional economic development trajectories, this paper presents a picture of the geography of foreign investments from and to the European regions and its change after the financial and economic crisis in 2008. This simple exercise sheds some initial light on how the operationalization of regional connectivity can improve one’s empirical understanding of the evolution of regional economies and the policy approach needed to support their reaction to change.

Subfields: Economics and Econometrics, Political Science and International Relations, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/134d0d55668644c1c2ecddf2a141b34b9850639f

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In Economics and Econometrics

1. Henry S. C. Yeung
2. Neil M. Coe
3. G. Macleod
4. Jennifer Bair
5. H. Bathelt
6. B. Selwyn
7. Michaela Trippl
8. M. Samers

In Political Science and International Relations

1. Henry S. C. Yeung
2. Neil M. Coe
3. Gary Gereffi
4. Jennifer Bair
5. Martin Hess

In Strategy and Management

1. Henry S. C. Yeung
2. Neil M. Coe
3. Jennifer Bair
4. Gary Gereffi
5. S. Ponte
6. Martin Hess
7. B. Selwyn
8. Jirí Blazek

Citations in the corpus

• Regional inequality in Europe: evidence, theory and policy implications (2019, unknown): “…concentration of power and value creation in certain cities and regions in advanced economies has paired with the widespread diffusion of low-tier activities towards certain places in lagging-behind regions and developing countries (Iammarino and McCann, 2013, 2018; Crescenzi and Iammarino, 2017).”
• Regional worlds: from related variety in regional diversification to strategic coupling in global production networks (2020, background): “Instead, extraregional linkages are developed through functional coupling relationships that do not entail direct equity investment, unlike EEG’s focus on TNCs and their region-specific subsidiary operations (e.g., Crescenzi & Iammarino, 2017; Elekes et al., 2019; MacKinnon, 2012; Zhu et al., 2017).”