IDEAS home Printed from https://ideas.repec.org/p/rif/dpaper/1035.html
   My bibliography  Save this paper

Globalisaatio Suomen vanhojen teollisuuspaikkakuntien kehityksen muovaajana - Tapaustutkimus Varkauden kaupungista

Author

Listed:
  • Lovio, Raimo
  • Jääskeläinen, Jari
  • Laurila, Juha
  • Lilja, Kari

Abstract

The paper summarizes the results of a follow-up study on the effects of globalization in an old industrial town in eastern Finland called Varkaus. Until the 1980s, the town was dominated by one large Finnish company. Since then, the company has sold all its businesses in the town, and almost all have been acquired by foreign companies. The analysis reveals that in the first phase, during the 1990s foreign ownership has primarily had a positive impact on the development of the business units acquired although there were some problems between local business units and their new owners. During the more recent years the effects of globalization have changed towards more negative direction. This is not because of foreign ownership but due to changes in the competitiveness of Finland and the town as business environment. Today, Finnish forest multinationals invest in Russia, China and in the South America. Instead, in Finland and in Varkaus some old paper machines have been closed. In addition, due to globalization pressure firms in Finland and Varkaus try to develop new high-tech products. For high-tech product development old industrial towns are not the best business environment and therefore in Varkaus the major automation company has decided to move its facilities to a bigger university city in Finland.

Suggested Citation

  • Lovio, Raimo & Jääskeläinen, Jari & Laurila, Juha & Lilja, Kari, 2006. "Globalisaatio Suomen vanhojen teollisuuspaikkakuntien kehityksen muovaajana - Tapaustutkimus Varkauden kaupungista," Discussion Papers 1035, The Research Institute of the Finnish Economy.
  • Handle: RePEc:rif:dpaper:1035
    as

    Download full text from publisher

    File URL: http://www.etla.fi/wp-content/uploads/2012/09/dp1035.pdf
    Download Restriction: no

    More about this item

    Keywords

    globalization; foreign ownership; old industrial towns.;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rif:dpaper:1035. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kaija Hyvönen-Rajecki). General contact details of provider: http://edirc.repec.org/data/etlaafi.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.