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Institutions and mediating inward investment in England and the USA

Author

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  • Kevin Cox
  • Alan Townsend

Abstract

Cox K. and Townsend A. (2005) Institutions and mediating inward investment in England and the USA, Regional Studies 39 , 541-553. In England, a new institutional structure for local and regional development has recently emerged involving some decentralization of responsibility. A major focus has been stimulating and mediating inward investment. The new scale division of labour resembles somewhat that which has long been apparent in the USA. Similar tensions are observable, but there remain considerable differences and an examination of them facilitates understanding of the limits and possibilities inherent in the case of England. In the US case, institutions tend to be much more metropolitan in form, the public—private balance is quite different, and institutions tend to emerge locally rather than be structured from the centre. These differences owe a significant part not only to differences in state form, but also to the energizing force of strong business interest in the future of local economies.

Suggested Citation

  • Kevin Cox & Alan Townsend, 2005. "Institutions and mediating inward investment in England and the USA," Regional Studies, Taylor & Francis Journals, vol. 39(4), pages 541-553.
    • Handle: RePEc:taf:regstd:v:39:y:2005:i:4:p:541-553
    DOI: 10.1080/00343400500128671
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    References listed on IDEAS

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    1. A Wood, 1993. "Organizing for Local Economic Development: Local Economic Development Networks and Prospecting for Industry," Environment and Planning A, , vol. 25(11), pages 1649-1661, November.
    2. Andrew Wood, 1996. "Analysing the Politics of Local Economic Development: Making Sense of Cross-national Convergence," Urban Studies, Urban Studies Journal Limited, vol. 33(8), pages 1281-1295, October.
    3. Peter Roberts & Paul Benneworth, 2001. "Pathways to the Future? An Initial Assessment of RDA Strategies and their Contribution to Integrated Regional Development," Local Economy, London South Bank University, vol. 16(2), pages 142-159, May.
    4. C. Fuller & R. J. Bennett & M. Ramsden, 2002. "The Economic Development Role of English RDAs: The Need for Greater Discretionary Power," Regional Studies, Taylor & Francis Journals, vol. 36(4), pages 421-428.
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    Cited by:

    1. Carlos Azzoni & Aquiles Kalatzis, 2010. "Incorporating demand-side aspects into regional policy: variations in the importance of private investment decision factors across regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(1), pages 69-82, February.

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    More about this item

    Keywords

    Local and regional development; Inward investment; Regional Development Agencies; Scale division of labour Cross-national comparison; State form; Developpement local et regional; Investissement direct etranger; Commissions d'amenagement du territoire Division du travail; Comparaison internationale; Forme de l'Etat; Ortliche und regionale Entwicklung; Investierungen aus dem Ausland; Regionale Entwicklungsagenturen; Grossenordnung der Arbeitsteilung; Grenzuberschreitender Vergleich; Staatsform; Desarrollo regional y local; Inversion extranjera Agencias regionales de desarrollo; Escala de division del trabajo Comparacion cross-nacional; Forma de estado; JEL classifications: O18; R52; R58;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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