Direct Investment from the EC: Recent Trends in the West Midlands Region and their Implications for Regional Development and Policy

Clive Collis, Dave Noon, Nigel Berkeley

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

Examines trends in the flows of direct investment to the West Midlands region of the UK during the 1980s. An analysis of Invest in Britain Bureau data reveals two trends of particular interest: the marked increase in the WMR′s share of FDI flows to the UK during the 1980s, and the unusually large flows to the region from EC countries. Two surveys on locational factors revealed the attraction of the WMR as being its central position within the UK and its good national, regional and local communications. The effect of those flows to the WMR was to alter the stock position so that, in 1989, 39 per cent of the stock of FOCs originated from other EC countries and 37 per cent from North America. A survey of 111 of these companies revealed a number of differences between the behaviour of FOCs from the EC and North America: in sectors and functions, employment and training, the sourcing of inputs, export markets and R&D activity. Hypothesizes that many of the differences can be explained by the different vintages of the investments. A major policy implication which arises from the analysis is that the full benefits of FDI to a region take time to build up. Moreover, local policy action may be necessary to capture these long‐term benefits.
Original languageEnglish
Pages (from-to)14-19
Number of pages6
JournalEuropean Business Review
Volume94
Issue number2
DOIs
Publication statusPublished - 1994

Fingerprint

Regional policy
Direct investment
Regional development
Communication
Sourcing
Policy implications
Export markets
Attraction
Time to build
Factors

Keywords

  • european union
  • foreign investment
  • investment
  • regional development
  • united kingdom

Cite this

Direct Investment from the EC : Recent Trends in the West Midlands Region and their Implications for Regional Development and Policy. / Collis, Clive; Noon, Dave; Berkeley, Nigel.

In: European Business Review, Vol. 94, No. 2, 1994, p. 14-19.

Research output: Contribution to journalArticle

@article{587daa46af264741aee7ae559d9eceaf,
title = "Direct Investment from the EC: Recent Trends in the West Midlands Region and their Implications for Regional Development and Policy",
abstract = "Examines trends in the flows of direct investment to the West Midlands region of the UK during the 1980s. An analysis of Invest in Britain Bureau data reveals two trends of particular interest: the marked increase in the WMR′s share of FDI flows to the UK during the 1980s, and the unusually large flows to the region from EC countries. Two surveys on locational factors revealed the attraction of the WMR as being its central position within the UK and its good national, regional and local communications. The effect of those flows to the WMR was to alter the stock position so that, in 1989, 39 per cent of the stock of FOCs originated from other EC countries and 37 per cent from North America. A survey of 111 of these companies revealed a number of differences between the behaviour of FOCs from the EC and North America: in sectors and functions, employment and training, the sourcing of inputs, export markets and R&D activity. Hypothesizes that many of the differences can be explained by the different vintages of the investments. A major policy implication which arises from the analysis is that the full benefits of FDI to a region take time to build up. Moreover, local policy action may be necessary to capture these long‐term benefits.",
keywords = "european union, foreign investment, investment, regional development, united kingdom",
author = "Clive Collis and Dave Noon and Nigel Berkeley",
year = "1994",
doi = "10.1108/09555349410054150",
language = "English",
volume = "94",
pages = "14--19",
journal = "European Business Review",
issn = "0955-534X",
publisher = "Emerald",
number = "2",

}

TY - JOUR

T1 - Direct Investment from the EC

T2 - Recent Trends in the West Midlands Region and their Implications for Regional Development and Policy

AU - Collis, Clive

AU - Noon, Dave

AU - Berkeley, Nigel

PY - 1994

Y1 - 1994

N2 - Examines trends in the flows of direct investment to the West Midlands region of the UK during the 1980s. An analysis of Invest in Britain Bureau data reveals two trends of particular interest: the marked increase in the WMR′s share of FDI flows to the UK during the 1980s, and the unusually large flows to the region from EC countries. Two surveys on locational factors revealed the attraction of the WMR as being its central position within the UK and its good national, regional and local communications. The effect of those flows to the WMR was to alter the stock position so that, in 1989, 39 per cent of the stock of FOCs originated from other EC countries and 37 per cent from North America. A survey of 111 of these companies revealed a number of differences between the behaviour of FOCs from the EC and North America: in sectors and functions, employment and training, the sourcing of inputs, export markets and R&D activity. Hypothesizes that many of the differences can be explained by the different vintages of the investments. A major policy implication which arises from the analysis is that the full benefits of FDI to a region take time to build up. Moreover, local policy action may be necessary to capture these long‐term benefits.

AB - Examines trends in the flows of direct investment to the West Midlands region of the UK during the 1980s. An analysis of Invest in Britain Bureau data reveals two trends of particular interest: the marked increase in the WMR′s share of FDI flows to the UK during the 1980s, and the unusually large flows to the region from EC countries. Two surveys on locational factors revealed the attraction of the WMR as being its central position within the UK and its good national, regional and local communications. The effect of those flows to the WMR was to alter the stock position so that, in 1989, 39 per cent of the stock of FOCs originated from other EC countries and 37 per cent from North America. A survey of 111 of these companies revealed a number of differences between the behaviour of FOCs from the EC and North America: in sectors and functions, employment and training, the sourcing of inputs, export markets and R&D activity. Hypothesizes that many of the differences can be explained by the different vintages of the investments. A major policy implication which arises from the analysis is that the full benefits of FDI to a region take time to build up. Moreover, local policy action may be necessary to capture these long‐term benefits.

KW - european union

KW - foreign investment

KW - investment

KW - regional development

KW - united kingdom

U2 - 10.1108/09555349410054150

DO - 10.1108/09555349410054150

M3 - Article

VL - 94

SP - 14

EP - 19

JO - European Business Review

JF - European Business Review

SN - 0955-534X

IS - 2

ER -