Journal Article10.1080/0034340022000033385
Embedding the multinationals ? institutions and the development of overseas manufacturing affiliates in Wales and North East England.
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TL;DR: In this paper, the authors provide a critical assessment of the regional embeddedness of FDI in Wales and the North East of England, based upon an extensive survey of the early literature.
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Abstract: PHELPS N. A., MACKINNON D., STONE I. and BRAIDFORD P. (2003) Embedding the multinationals? Institutions and the development of overseas manufacturing affiliates in Wales and North East England, Reg. Studies 37 , 27-40. The impact of foreign direct investment (FDI) upon host regions is a topic of perennial interest within the fields of regional economics, industrial geography and regional development. Much of the early literature here draws negative conclusions regarding the wider indirect impacts of FDI on host regions, pointing to the branch plant syndrome. In light of significant processes of corporate restructuring and the build-up of host region institutional capacities, however, recent literature has claimed that the plants of multinational enterprises (MNEs) are becoming increasingly "embedded' in regional economies. Against this backdrop, this paper aims to provide a critical assessment of the regional "embeddedness' of FDI in Wales and the North East of England. Based upon an extensive survey of o...
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TL;DR: The role of space and place in shaping the transformation of firms and industries and the impact of such transformations on the wider processes of territorial development at local, regional, national and global scales are basic research issues in economic geography.
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