This book describes the adoption, growth and subsequent relinquishment of industrial subsidies in the UK, tracing their development back to the early years of this century, and following their extension through to virtually every area of economic policy. This includes the foothold gained for industrial subsidies in the run-up and aftermath of World War I, the application of large-scale subsidies to agriculture in the Depression, the plans for an interventionist industrial strategy devised in World War II, and the gradual expansion of industrial subsidies from this time through to their heyday in the late-1970s. Attention is devoted to events in the 1980s, including the extension of financial assistance to urban and rural policy, small and new firm measures, technology support, collaborative research programmes and advisory schemes.

Industrial Subsidies: The U.K. Experience

Business & Money

Wren, Colin

Management & Leadership

St. Martin's Press, 1996

<p>The 'boom' in foreign direct investment (FDI) since the mid-1980s, continues to be paramount in policy interest. This book reviews the literature on the nature of FDI and reports the recent results on the performance of FDI plants in order to show the implications for regional economic development. It presents new evidence on the nature and performance of these plants, using a unique dataset that has been constructed and rigorously analyzed by applying econometric techniques. The role of FDI in economic development has long been poorly understood and this book contributes to improving understanding, and is of direct policy relevance. An examination is made of the generation, theory and location of FDI, as well as its implications for regional and national development. In addition to this, analysis is made of the issues at the project and plant levels, related to investment, employment and firm survival.</p>

Foreign Direct Investment and the Regional Economy

Jones, Jonathan

Economics

Routledge

This book brings together previous work by the authors that explores the location of foreign direct investment. It uses a broad range of approaches and quantitative techniques. The issues that are addressed concern the changing nature of FDI location, its determinants, and the role of policy in attracting FDI. The chapters of this book focus on the UK experience, but also analyse the location determinants at a European level. The authors present expert analysis that charts the increase in FDI since the mid-1980s and examines the shift in manufacturing and service location, arguing that these result from policy changes and the creation of the European Single Market. Overall, the book finds that the regional benefit of FDI location is unlikely to be long-lasting, owing both to the nature of plant reinvestment and to the effect of agglomeration economics on FDI location.

Understanding the Location of Foreign Direct Investment (Palgrave Advances in Regional and Urban Economics)

PALGRAVE~MACMILLAN

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