Determinants of the Internationalization of Regions: The Role and Effectiveness of Public Policy Measures

Bannò, Mariasole; Piscitello, Lucia; Varum, Celeste

doi:10.1080/00343404.2013.821570

Cited by 19 publications

(11 citation statements)

References 51 publications

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“…As highlighted in recent contributions (e.g., Bannò, Piscitello, & Varum, 2015), there is still scant appreciation of both region-specific factors and policy measures that influence local firms' and other agents' propensity to internationalize, offshore and outsource, or to overcome the 'liability of foreignness' (Zaheer, 1995;see also Massini & Miozzo, 2012). As noted above, for example, on the side of outward flows most attention has been devoted to trade, manufacturing and the building of territorial comparative advantages, with limited consideration of how to promote general openness, stimulating individual and organizational risk propensity for 'going global', and spurring regional connectivity as a whole.…”

Section: Global and Regional Interdependency: Rethinking Policy Targementioning

confidence: 99%

“…As noted above, for example, on the side of outward flows most attention has been devoted to trade, manufacturing and the building of territorial comparative advantages, with limited consideration of how to promote general openness, stimulating individual and organizational risk propensity for 'going global', and spurring regional connectivity as a whole. Financial incentives and access to capital are necessary but not anymore sufficient to support connectivity: institutional capacity-building, technical, legal, fiscal and administrative assistance, targeted and timely information, provision of specialized skills, all support individuals' and firms' decisions to invest abroad, helping regions creating absolute advantages -or 'knowledge monopolies' (Malecki, 2010) -and offsetting growing territorial inequality (Bannò et al, 2015).…”

Section: Global and Regional Interdependency: Rethinking Policy Targementioning

confidence: 99%

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Global investments and regional development trajectories: the missing links

Crescenzi

Iammarino

2017

Regional Studies

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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. RÉSUMÉLes investissements mondiaux et les trajectoires de l'aménagement du territoire: les chaînons manquants. Regional Studies. Depuis longtemps le développement économique régional a été conceptualisé comme un processus interactif non-linéaire qui est bien intégré sur le plan social: par le passé ces caractéristiques-là étaient considérées très influencées par l'espace et par la localisation. Cependant, l'évolution technologique à un rythme sans précédent conjointement avec l'intensification de l'intégration économique mondiale a stimulé la nécessité de mettre l'aménagement du territoire au sein d'un cadre vraiment ouvert et interdépendant. En dépit du progrès significatif évident dans la litérature spécialisée, repenser l'aménagement du territoire de ce point de vue pose un nombre de défis en termes des notions, des preuves RESUMENTrayectorias de inversiones globales y desarrollo regional: los eslabones perdidos. Regional Studies. El desarrollo económico regional suele ser conceptualizado como un proceso no lineal, interactivo y socialmente integrado: estas características se solían considerar como espacialmente mediadas y altamente localizadas. Sin embargo, debido al rápido cambio técnico sin precedentes junto con la intensificación de la integración económica global, ha surgido la necesidad de colocar el desarrollo regional en un marco realmente abierto e interdependiente. Aunque en la bibliografía académica se han realizado grandes avances, el replanteamiento del desarrollo regional a este respecto todavía presenta una serie de retos en términos de conceptos, evidencia empírica y enfoques políticos. Tras una valoración interdisciplinaria sobre cómo la transparencia y la cone...

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Section: Global and Regional Interdependency: Rethinking Policy Targementioning

confidence: 99%

Section: Global and Regional Interdependency: Rethinking Policy Targementioning

confidence: 99%

Global investments and regional development trajectories: the missing links

Crescenzi

Iammarino

2017

Regional Studies

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“…Brewer, 1993;Oman, 2000;Lowendahl, 2001;Ng and Tuan, 2001) or in promoting active internationalisation, or 'multinationalisation' of domestic firms through outward FDI (e.g. Child and Rodrigues, 2005;Luo et al, 2010;Bannò et al, 2014Bannò et al, , 2015.…”

Section: The Rationale For Fdi Policymentioning

confidence: 99%

FDI and regional development policy

Iammarino

2018

J Int Bus Policy

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The transformations in the worldwide division of labour brought about by globalisation and technological change have shown an unintended negative effect, particularly evident in advanced economic systems: uneven spatial distribution of wealth and rising within-country inequality. Although the latter has featured prominently in recent academic and policy debates, in this paper we argue that the relevance of connectivity (here proxied by foreign capital investments, FDI) for regional economic development is still underestimated and suffers from a nation-biased perspective. As a consequence, the relationship between the spatial inequality spurred by the global division of labour and the changes in the structural advantages of regions remains to be fully understood in its implications for economic growth, territorial resilience and industrial policy. Furthermore, even though connectivity entails bi-directional links-i.e. with regions being simultaneously receivers and senders-attractiveness to foreign capital has long been at the centre of policy attention whilst internationalisation through investment abroad has been disregarded, and sometimes purposely ignored, in regional development policy agendas. We use three broad-brushed European case-studies to discuss some guiding principles for a place-sensitive regional policy eager to integrate the connectivity dimension in pursuing local economic development and territorial equity.

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“…On the other hand, on a macro level, growing evidence on the existence of several different modes of regional economic performance and competitiveness in Europe, responding to different development challenges and opportunities, requires a renewed policy approach: one that would strengthen global cities and core regions, pursuing at the same time new ways to promote opportunities and foster capabilities in industrial declining and less connected cities, regions and industrial clusters . However, given that connectivity and positioning in global value-chains are such central considerations, the new generation of policies will also need to take account of the issues regarding a region/city's evolving diversity, demographics and technological trends just described above to be appropriately tailored to the national and local contexts (Bannò et al, 2015).…”

Section: Competitiveness Challenges For Mnes and Citiesmentioning

confidence: 99%