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Global investments and regional development trajectories: the missing links
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.
Global investments and regional development trajectories: the missing links
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.
Global investments and regional development trajectories: the missing links
Crescenzi, Riccardo (Autor:in) / Iammarino, Simona (Autor:in)
Regional Studies ; 51 ; 97-115
02.01.2017
19 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
foreign direct investment (FDI) , regions , local–global connectivity , regional development , Europe , 外国直接投资(FDI) , 区域 , 地方—全球连结 , 区域发展 , 欧洲 , investissement direct étranger (IDE) , régions , connectivité localo–mondiale , aménagement du territoire , ausländische Direktinvestitionen (ADI) , Regionen , lokal-globale Verknüpfungen , Regionalentwicklung , Europa , inversión extranjera directa (IED) , regiones , conectividad local y global , desarrollo regional , F2 , O3 , O19 , O52 , R11 , R12
Global investments and regional development trajectories: the missing links
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