Some Geographical Implications of Foreign Investment in the Semiperiphery: The Case of Australia

Taylor, Michael; Thrift, Nigel

doi:10.1111/j.1467-9663.1981.tb00938.x

Cited by 11 publications

(4 citation statements)

References 29 publications

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“…These investments have been much larger than those in the newly industrialising countries in Asia. An earlier upsurge of direct investment in Asian manufacturing, serving local markets and exporting to Australia (Taylor and Thrift, 1981), had been swamped by the mid-1980s. Nearly threefifths of total offshore investment went to the United States of America and the United Kingdom combined, a significant proportion of which has been contributed by Elders IXL Ltd.…”

Section: Elders Ixl Ltd and The Geography Of Corporate Restructuringmentioning

confidence: 99%

“…In trying to grapple with this 'dominion' variety of dependency, and the perceived vulnerability of the Australian economy to 'circumstances beyond its control', industrial geographers were attracted in the early 1980s to the taxonomy of world systems theory. Australia's particular links with the global economy and its vulnerability to periodic external shocks were explained with reference to its semiperipheral status and its intermediate role in relation to global cores and peripheries (for example, see Taylor and Thrift, 1981).…”

Section: Australia and The Global Economymentioning

confidence: 99%

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Elders IXL Ltd: Finance Capital and the Geography of Corporate Restructuring

Fagan

1990

Environ Plan A

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Despite widespread agreement that the economies of nation-states have become more closely integrated globally, there has been little concrete analysis of how this has occurred. In this paper a large Australian-based firm which has emerged rapidly as a transnational agribusiness and brewing conglomerate in the 1980s is examined. The fractions of capital now reorganised as Elders IXL Ltd have adopted over time various capital accumulation strategies, forging, in each period, distinctive linkages with the global economy. To cope with restructuring crises during the 1970s, Elders has rapidly built a new global geography of production, trade, and investment, accompanied by extensive rationalisation and divestment in its Australian operations. The role of international finance capital has become increasingly important, and domestic restructuring can be understood only in terms of the new global strategies.

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Section: Elders Ixl Ltd and The Geography Of Corporate Restructuringmentioning

confidence: 99%

Section: Australia and The Global Economymentioning

confidence: 99%

Elders IXL Ltd: Finance Capital and the Geography of Corporate Restructuring

Fagan

1990

Environ Plan A

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“…On the one hand, they are urbanised, industrialised and a majority of their inhabitants are affluent by world standards; on the other, they remain heavily dependent on links with the core and resemble third world economies in commercial, financial and technological dependencies. Australia's semi-peripheral role in the world economy provided insights into the development patterns of its principal mineral industries, for example the aluminium industry (Fagan, 1981), while overall patterns of capital inflow and outflow reflected this ambivalent world role (Taylor and Thrift, 1981). While.…”

Section: Australia and The Asia-pacific Region: Studies In The Lnternmentioning

confidence: 99%

Industrial Geography: Restructuring in theory and practice

Wilde¹,

Fagan²

1988

Australian Geographical Studies

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The study of Australia's industrial geography effectively dates from the 1950s with the collation of systematic information on individual industries. The 1960s saw a burgeoning and an increasing sophistication of the geographical literature, much of it by a relatively small group of researchers. The growth in the number of industrial geographers in universities and colleges from the late 1960s brought new perspectives to research and swelled the volume of literature during the 70s and 80s. Throughout the entire period industrial geographers in Australia have largely devoted themselves to a study of Australian issues, in part because of the rich and scarcely touched topics that presented themselves and in part from a feeling of responsibility to investigate pertinent political, social and economic issues. Recently, these studies have been increasingly set in the context of the Pacific and global economies, as the particular circumstances influencing Australian industrial geography forced researchers to consider international influences and relationships before those in some other nations (Thrift, 1985). This has given an international significance to recent Australian work and a distinctly Antipodean contribution to the new industrial geography of the 1980s.The hallmark of industrial geography over this quarter of a century has been its dynamism. As in other social sciences, there have been major paradigm shifts as a result of both the mounting criticism of the prevailing orthodoxy from within the discipline, and the dramatic social, economic and political change within the society being studied. The 1950s and 60s were marked by the relatively stable external environment of the 'long boom' and industrial geographers in Australia, as elsewhere in the world, were primarily concerned to establish a statement of industrial structure and distributions and to grapple with theoretical frameworks and criticisms of them from within the discipline. The 1970s, in contrast, saw the transformation of these foundations as the crisis in Australia and the world demanded new and broader theoretical and empirical approaches to industrial and regional studies. In keeping with these major stages in the subject's evolution. this paper will first explore the evolution of industrial geography during the long boom of the 50s and 60s. and then examine the major themes which have assumed importance since the mid-1970s.Department of Geography, University of Tasmania, GPO Box 252C, Hobart, Tas., 7001 and School of Earth Sciences, Macquarie University. North Rydc, NSW. 21 13.

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“…Capital is concentrated in fewer larger enterprises, located in the southeast, with Sydney emerging as the gainer with a more diversified and indigenous pattern of economic control, though Melbourne remains dominant in terms of total capital controlled (Taylor and Thrift, 1980a). A recent study shows foreign firms losing ground (Taylor and Thrift, 1981b). Computers are assisting in the centralisation of control, notably in banking (Taylor and Hirst, n.d.).…”

Section: Australia As Core Andperipherymentioning

confidence: 99%