 FDI AND REGIONAL DISPARITIES: CONVERGENCE OR DIVERGENCE?A chapter in EURINT Proceedings 2013, 2013, vol. 1, pp 792-804 from Centre for European Studies, Alexandru Ioan Cuza University Abstract: The benefits from FDI and its effect on regional disparities is one of the major issues to current debates about regional development. This paper provides further understanding by analyzing the new role of “place” in the context of globalization and the emergence of a new kind of bilateral interaction between MNEs and localities. It also examines the features and outcomes of three major patterns of FDI assisted development of regional economies and the importance of absorptive capacity of local socio-economic structure, using the concept of local “embeddedness”. It is has been a matter of disputes if FDI has the potential both to reduce and expand regional disparities and if uneven development will be further extended with the acceleration of the process of globalization. In the contemporary world prosperous region needs a "new generation" of policies to encourage responsible investors’ behavior, to create synergies and ensure the achievement of broadly defined goals of sustainable development. Keywords: globalization; foreign direct investment; regional development; regional disparities (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:jes:euri13:792-804 Access Statistics for this chapter More chapters in EURINT Proceedings from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC. |
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