The New Competition for Inward Investment

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The New Competition for Inward Investment

Companies, Institutions and Territorial Development

9781840647853 Edward Elgar Publishing
Edited by Nicholas Phelps, Professor and Chair of Urban Planning, University of Melbourne, Australia and Philip Raines, Policy Analyst, Scottish Executive, Edinburgh, UK
Publication Date: July 2003 ISBN: 978 1 84064 785 3 Extent: 256 pp
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.

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Critical Acclaim
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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.
Critical Acclaim
‘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, Economic Geography
Contributors
Contributors: J. Crotty, J.D. Gatrell, E.M. Graham, E. Helinska-Hughes, M. Hughes, K. Lloyd, J. Lovering, N. Phelps, B. Pritchard, P. Raines, N. Reid, H.D. Watts, A. Wood, G. Yeung
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
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