FDI, Industrial Policy and Employment Impacts on Brexit

Walid Y. Alali and Haider Ellalee

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: The UK Inward investment is likely to be negatively affected in several ways in the event of a "Brexit" via customs barriers, but even "softer" forms of Brexit such as the current potential agreement are likely to cause customs delays, Limits companies' ability to transfer employees and coordinate "service" activities. In addition, are the negative effects of currency depreciation. In the context of already existing labour market polarization, inward investment flows into advanced manufacturing, food technology and financial services, which can provide “good quality” jobs, are particularly vulnerable under Brexit to frictions in global value chains. After highlighting the case of the auto industry, the paper moves on to emphasize the links between inward investment, employment restructuring, and the quality of jobs that have been created by foreign firms.

Keywords: Brexit; foreign direct investment; global value chains; employment; job quality; regions; industrial policy (search for similar items in EconPapers)
JEL-codes: E65 F13 F14 F16 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:274656

DOI: 10.2139/ssrn.4482587

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