Globalisation, Regions and the State
Exploring the Limitations of Economic Modernisation through Inward Investment
Bibliographic Data
| ID | 10864643 |
|---|---|
| Authors | Nicholas A Phelps (0000-0001-8407-9788, University of Leeds, corresponding author), Mark Tewdwr-Jones (0000-0002-8786-6434, Bartlett School of Planning, University College London, Wates House, 22 Gordon Street, London, WCIHOQB, UK, corresponding author) |
| Year | 2001 |
| Volume | 38 |
| Issue | 8 |
| Pages | 1253-1272 |
| Publication date | 2001-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Urban Studies (JOURNAL) |
| Journal identifiers | ISSN: 0042-0980 • E-ISSN: 1360-063X |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1080/00420980120061016 |
| OpenAlex | W2164968116 |
| Language | EN |
| Citations received | 14 |
| References cited | 29 |
Over the past 10 years or so, the UK has witnessed intense interregional competition for a small number of large inward investment projects. These projects, examples of foreign direct investment (FDI) from Far East Asia, have been relied upon by nation-states as panaceas to the economic problems being experienced within older industrial regions. Central government has adopted a non-interventionist approach to FDI and has rather encouraged regional-level institutions of governance to provide innovative and competitive packages of aid to the prospective investors through the creation of customised spaces. By relying on this FDI, local and regional-level institutions within the UK have sought to reduce or eliminate those uncertainties associated with local governance and the planning system that would otherwise face potential investors. We discuss these issues with reference to three case-study FDI examples: LG in South Wales, Samsung in the North East of England and Hyundai in Scotland. These projects provide good examples of the prestige attached to large FDI projects by regional and local agencies: by-passing normal local democratic processes; instigating streamlined institutional processes; and ignoring environmental protection policies to `land' the projects for particular regions. But the collapse of the south-east Asian economies and the recent mothballing of both the Hyundai and LG plants illustrate some very immediate problems regarding the unsustainability of the nation-state both relying on the global market and subordinating local interstices to resolve regional economic problems. Overall, the paper examines how particular state forms and practices operate to privilege certain types of interests and activities at certain scales, and how particular state entities are attempting to capture agendas and decisions at particular scales of governance
Business · Competition (biology · Corporate governance · Democracy · Economic growth · Economic system · Economics · Foreign direct investment · Globalization · Government (linguistics · International trade · Investment (military · Inward investment · Local government · Market economy · Modernization theory · Political science · Politics · Prestige · State (computer science · Finance · Housing, Finance, and Neoliberalism · Public Administration · Regional Development and Policy · State Capitalism and Financial Governance
The Global Trend towards Devolution and its Implications
Lost in translation? Local interests, global actors and inward investment regimes
Revealed competition for greenfield investments between European regions
Local institutional actors and globally linked territorial development in Bekasi District
Housing Supply and Brownfield Regeneration in a post-Barker World
Cluster or Capture? Manufacturing Foreign Direct Investment, External Economies and Agglomeration
Bargaining with Multinationals
Conservation designations—Are they fit for purpose in the 21st century
The multinational enterprise and subsidiary evolution
US and EU experiences of tax incentives
Unblocking the City? Growth Pressures, Collective Provision, and the Search for New Spaces of Governance in Greater Cambridge, England
Old Industrial Regions, Technology, and Innovation
Assembling International Competitiveness
Capital Versus the Districts
Globalization in Question
Collaborative Planning
The political economy of industrial policy in Korea
Regulating Labour
Journal of Contemporary Asia
Local governance and local business interests
Tying the Firm to the Region or Tying the Region to the Firm
Discretion, Flexibility, and Certainty in British Planning
Policy Review Section
Levelling the Uneven Playing Field
Towards a Regional Renaissance? Reconfiguring and Rescaling England's Economic Governance
The locally embedded multinational and institutional capture
Between Fixity and Motion
Assessing 'Institutional Thickness' in the Local Context
Regional Development and the Production of Space
Spatial Selectivity of the State? The Regulationist Enigma and Local Struggles over Economic Governance
Building Institutional Capacity through Collaborative Approaches to Urban Planning
The Social Regulation of Uneven Development
Patterns and Processes of Change in the Spatial Distribution of Foreign-Controlled Manufacturing Employment in the United Kingdom, 1963 to 1975
Scratching the Surface of Collaborative and Associative Governance
Multinationals, Intracorporate Competition, and Regional Development
| Unique citing works | 14 |
|---|---|
| Citations per year | 0,61 |
| Citation span | 2003 - 2019 (17) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 14 |