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Foreign direct investment and renewal of industries: framing the reciprocity between materiality and discourse

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  • Arnt Fløysand
  • Rune Njøs
  • Trond Nilsen
  • Vigdis Nygaard

Abstract

Informed by the evolutionary literature on economic geography, this paper develops a conceptual framework for analysing the complexity between foreign direct investment (FDI) and renewal of industries. Present contributions tend to explain the impact of FDI on regional industry evolution as a static, output-oriented phenomenon, that is, informed by an instrumental rationale in which the dynamism of FDI and regional industry development is linked to polarization of stagnation/decline vs. growth/development. Opposing this, we argue for an epistemological shift in approach to the reciprocity between FDI and renewal of industries as dynamism between material outcomes and discursive processes. To accomplish this, we build on key concepts and understandings from evolutionary economic geography; review the regional effects of FDI literature and build a framework sensitive to contextual dimensions of FDI. We focus on multinational companies’ practices and material outcomes in terms of regional spillovers and the discursive processes in terms of FDI narratives. This framework is exemplified by data from the salmon farming industry and the subsea industry in Hordaland and the oil and gas industry and the mining industry in Finnmark.

Suggested Citation

  • Arnt Fløysand & Rune Njøs & Trond Nilsen & Vigdis Nygaard, 2017. "Foreign direct investment and renewal of industries: framing the reciprocity between materiality and discourse," European Planning Studies, Taylor & Francis Journals, vol. 25(3), pages 462-480, March.
    • Handle: RePEc:taf:eurpls:v:25:y:2017:i:3:p:462-480
    DOI: 10.1080/09654313.2016.1226785
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    References listed on IDEAS

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    1. Machinea, José Luis & Vera, Cecilia, 2005. "Trade, Direct Investment and Production Policies," IDB Publications (Working Papers) 3691, Inter-American Development Bank.
    2. Ron Martin, 2009. "Rethinking Regional Path Dependence: Beyond Lock-in to Evolution," Papers in Evolutionary Economic Geography (PEEG) 0910, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2009.
    3. Willem te Velde, Dirk, 2003. "Foreign Direct Investment and Income Inequality in Latin America," Documentos de trabajo 4/2003, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
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    Cited by:

    1. André Spithoven & Bruno Merlevede, 2023. "The productivity impact of R&D and FDI spillovers: characterising regional path development," The Journal of Technology Transfer, Springer, vol. 48(2), pages 560-590, April.

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