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What are the links between the impact of increasing globalization and the advent of the knowledge economy on the spatial distribution of economic activity? How can we explain the paradox of growing transnationalization of the production of goods and services and the tendency for certain kinds of activity -- particularly knowledge-intensive activities -- to be concentrated or 'clustered' in one place? In this changing environment, how do firms make decisions about location, and the development and deployment of their distinctive capabilities?These are some of the important questions addressed in this volume by a team of leading international scholars looking at these dynamics in broad scope. The book presents different disciplinary approaches to the knowledge economy viewed from an international perspective, and includes detailed case analysis of its impact in different parts of the world. It moves between the supra-national macro region and the micro cluster, as well as looking at associated infrastructural and policy responses.This is a rich and informative book that attempts to explain some of the key dynamics and characteristics of the new global economy. It will be essential reading for academics in business, economics, geography and political science wanting to get to grips with current thinking and developments.
John H. Dunning is State of New Jersey Professor of International Business at Rutgers University, Newark, NJ, USA, and Emeritus Professor of International Business at the University of Reading, UK. He is a past President of both the Academy of International Business and the International Trade and Finance Association, and holds honorary degreees and professorships from a number of European and Asian universities.
PART I: ANALYTICAL FOUNDATIONS ; 1. Regions, Globalization, and the Knowledge Economy: The issues stated ; 2. Globalization and Knowledge Flows: An industrial geographer's perspective ; 3. Knowledge, Globalization, and Regions: An economist's perspective ; 4. Multinational Enterprises and the Knowledge Economy: Leveraging global practices ; PART II: MACRO-REGIONAL INTEGRATION AND THE KNOWLEDGE BASED ECONOMY ; 5. Regional Integration and Foreign Direct Investment: Some general issues ; 6. The Impact of the Completion of the European Internal Market on FDI ; 7. Regional Integration: NAFTA and the reconfiguration of North American industry ; PART III: COUNTRY CASE STUDIES ; 8. Foreign Direct Investment in the USA: A sub-national investigation ; 9. Policy Partnership in the Development of Knowledge Industries in Scotland ; 10. Large Firms and Industrial Districts in Europe: Deregionalization, re-regionalization, and the transformation of manufacturing flexibility ; 11. Firms, Regions, and Strategy in a Diverging World: The Australian case ; 12. Innovation Systems, Networks, and the Knowledge-Based Economy in Korea ; 13. The Software Cluster in Bangalore ; 14. Singapore: Destination for multinationals ; 15. Globalization, Regionalization, and the Knowledge-Based Economy in Hong Kong ; PART IV: POLICY IMPLICATIONS ; 16. Towards a Theory of Regional Policy ; 17. The Changing Nature of Foreign Investment Policy in Europe: From promotion to management ; 18. Silicon Valley and the Resurgence of Route 128: Systems integration and regional innovation
Review from previous edition An excellent and informative book that explains some of the key dynamics and characteristics of the new global economy.