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Lost in translation? Local interests, global actors and inward investment regimes

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  • Nicholas A. Phelps
  • Andrew Wood

Abstract

Global economic integration is often viewed as a process orchestrated from 'above' by constituents of an emergent transnational class. Yet such perspectives neglect the autonomous contributions made from 'below' by subnational political coalitions that mediate between global and local interests. In this article we consider the issue of political mobilization at the subnational scale around the material and discursive interests of mobile capital. We highlight the mechanisms that mediate the tension between global and local interests and examine how this tension is articulated at multiple scales. We draw on empirical work in the United States and United Kingdom to illustrate the complex translation between 'global' capital and 'local' political coalitions. We conclude by sketching out the implications of our discussion for research on the role of political coalitions in fostering modernization through inward investment and upon some of the attendant policy implications. Copyright 2006, Oxford University Press.

Suggested Citation

  • Nicholas A. Phelps & Andrew Wood, 2006. "Lost in translation? Local interests, global actors and inward investment regimes," Journal of Economic Geography, Oxford University Press, vol. 6(4), pages 493-515, August.
    • Handle: RePEc:oup:jecgeo:v:6:y:2006:i:4:p:493-515
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    File URL: http://hdl.handle.net/10.1093/jeg/lbl004
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    Citations

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    Cited by:

    1. Nicholas A. Phelps & Andrew Wood, 2018. "Promoting the global economy: The uneven development of the location consulting industry," Environment and Planning A, , vol. 50(6), pages 1336-1354, September.
    2. Kirsten Martinus & Thomas Sigler & Iacopo Iacopini & Ben Derudder, 2021. "The brokerage role of small states and territories in global corporate networks," Growth and Change, Wiley Blackwell, vol. 52(1), pages 12-28, March.
    3. Chun Yang, 2013. "From Strategic Coupling to Recoupling and Decoupling: Restructuring Global Production Networks and Regional Evolution in China," European Planning Studies, Taylor & Francis Journals, vol. 21(7), pages 1046-1063, July.
    4. Cassandra C. Wang & Gary Gereffi & Zhigao Liu, 2021. "Beyond technological relatedness: An evolutionary pro‐growth coalition and industrial transformation in Kunshan, China," Growth and Change, Wiley Blackwell, vol. 52(4), pages 2318-2341, December.
    5. Nicholas A Phelps & Andrew M Wood, 2018. "The business of location: site selection consultants and the mobilisation of knowledge in the location decision," Journal of Economic Geography, Oxford University Press, vol. 18(5), pages 1023-1044.
    6. Kirsten Martinus & Matthew Tonts, 2015. "Powering the world city system: energy industry networks and interurban connectivity," Environment and Planning A, , vol. 47(7), pages 1502-1520, July.
    7. Crispian Fuller & Nicholas A Phelps, 2018. "Revisiting the multinational enterprise in global production networks," Journal of Economic Geography, Oxford University Press, vol. 18(1), pages 139-161.
    8. Henry Wai‐Chung Yeung, 2009. "Transnational Corporations, Global Production Networks, and Urban and Regional Development: A Geographer's Perspective on Multinational Enterprises and the Global Economy," Growth and Change, Wiley Blackwell, vol. 40(2), pages 197-226, June.
    9. Amparo Tarazona Vento, 2015. "Santiago Calatrava and the ‘Power of Faith’: Global Imaginaries in Valencia," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 39(3), pages 550-567, May.
    10. Henry Wai-chung Yeung, 2015. "Regional development in the global economy: A dynamic perspective of strategic coupling in global production networks," Regional Science Policy & Practice, Wiley Blackwell, vol. 7(1), pages 1-23, March.

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