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Global investments and regional development trajectories: the missing links

Crescenzi, Riccardo and Iammarino, Simona (2017) Global investments and regional development trajectories: the missing links. Regional Studies, 51 (1). pp. 97-115. ISSN 0034-3404

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Identification Number: 10.1080/00343404.2016.1262016

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.

Item Type: Article
Official URL: http://www.tandfonline.com/toc/cres20/current
Additional Information: © 2017 The Authors © CC BY 4.0
Divisions: Geography & Environment
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: F - International Economics > F0 - General > F02 - International Economic Order
O - Economic Development, Technological Change, and Growth > O1 - Economic Development
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O19 - International Linkages to Development; Role of International Organizations
O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O52 - Europe
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade
Sets: Departments > Geography and Environment
Date Deposited: 22 Nov 2016 15:55
Last Modified: 20 Jun 2019 02:31
Projects: ES/M008436/1, 639633-MASSIVE-ERC-2014-STG
Funders: Economic and Social Research Council, European Research Council
URI: http://eprints.lse.ac.uk/id/eprint/68327

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