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Hymer and Uneven Development Revisited: Foreign Direct Investment and Regional Inequalities

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  • David Bailey
  • Nigel Driffield

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. Copyright 2002, Oxford University Press.

Suggested Citation

  • David Bailey & Nigel Driffield, 2002. "Hymer and Uneven Development Revisited: Foreign Direct Investment and Regional Inequalities," Contributions to Political Economy, Cambridge Political Economy Society, vol. 21(1), pages 55-68, December.
    • Handle: RePEc:oup:copoec:v:21:y:2002:i:1:p:55-68
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    Cited by:

    1. Lessmann, Christian, 2013. "Foreign direct investment and regional inequality: A panel data analysis," China Economic Review, Elsevier, vol. 24(C), pages 129-149.
    2. Panagiotis Artelaris, 2021. "Regional economic growth and inequality in Greece," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(1), pages 141-158, February.
    3. Riccardo Crescenzi & Kerwin Datu & Simona Iammarino, 2016. "European Cities and Foreign Investment Networks," Papers in Evolutionary Economic Geography (PEEG) 1616, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2016.
    4. Narula, Rajneesh & Van der Straaten, Khadija, 2019. "A comment on the multifaceted relationship between multinational enterprises and within-country inequality," MERIT Working Papers 2019-035, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    5. Andrea Ascani & Simona Iammarino, 2018. "Multinational enterprises, service outsourcing and regional structural change," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(6), pages 1585-1611.

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