Hymer and uneven development revisited: Foreign Direct Investment and regional inequalities

David Bailey; Nigel Driffield

doi:10.1093/cpe/21.1.55

Hymer and uneven development revisited: Foreign Direct Investment and regional inequalities

David Bailey
, Nigel Driffield

Economics and International Business

University College Birmingham

Research output: Contribution to journal › Article › peer-review

21 Citations (Scopus)

68 Downloads (Pure)

Abstract

Picking up on one of Hymer's key contributions, this paper examines the impact that inward foreign direct investment (FDI) into the UK has on the patterns of development, both within and across regions. Using a panel of data for the manufacturing sector, the paper illustrates that even where one isolates the effect on the domestic sector alone, inward investment acts to increase the demand for skilled, relative to unskilled labour, and also generates the expected agglomeration effects in terms of the demand for capital investment. The paper then goes on to draw certain policy comparisons between these findings and the desired aim of attracting FDI, notably to increase demand for labour in those regions suffering structural unemployment, and secondly to reduce the disparities between regions.

Original language	English
Pages (from-to)	55-68
Number of pages	14
Journal	Contributions to Political Economy
Volume	21
Issue number	1
DOIs	https://doi.org/10.1093/cpe/21.1.55
Publication status	Published - 2002

Bibliographical note

This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Contributions to Political Economy following peer review. The definitive publisher-authenticated version Bailey, David and Driffield, Nigel L. (2002) Hymer and uneven development revisited: Foreign Direct Investment and regional inequalities. Contributions to Political Economy, 21 . pp. 55-68. ISSN 0277-5921 is available online at: http://cpe.oxfordjournals.org/cgi/content/short/21/1/55

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities

Keywords

inward foreign direct investment
FDI
UK
patterns of development
manufacturing sector

Access to Document

10.1093/cpe/21.1.55

Foreign Direct Investment and regional inequalities
This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Contributions to Political Economy following peer review. The definitive publisher-authenticated version Bailey, David and Driffield, Nigel L. (2002) Hymer and uneven development revisited: Foreign Direct Investment and regional inequalities. Contributions to Political Economy, 21 . pp. 55-68. ISSN 0277-5921 is available online at: http://cpe.oxfordjournals.org/cgi/content/short/21/1/55
Submitted manuscript, 151 KB

Cite this

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Hymer and uneven development revisited: Foreign Direct Investment and regional inequalities

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

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