Global investments and regional development trajectories: the missing links

Riccardo Crescenzi and Simona Iammarino

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

Keywords: FDI; regions; local-global connectivity; regional development; Europe (search for similar items in EconPapers)
JEL-codes: F02 O1 O19 O52 R11 R12 (search for similar items in EconPapers)
Date: 2017-01-09
References: Add references at CitEc
Citations: View citations in EconPapers (37)

Published in Regional Studies, 9, January, 2017, 51(1), pp. 97-115. ISSN: 0034-3404

Downloads: (external link)
http://eprints.lse.ac.uk/68327/ Open access version. (application/pdf)

Related works:
Journal Article: Global investments and regional development trajectories: the missing links (2017)
Working Paper: Global Investments and Regional Development Trajectories: the Missing Links (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:68327

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().