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The local in the global: regions, employment systems and multinationals
Author(s) -
Almond Phil,
Gonzalez Maria C.,
Lavelle Jonathan,
Murray Gregor
Publication year - 2017
Publication title -
industrial relations journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.525
H-Index - 3
eISSN - 1468-2338
pISSN - 0019-8692
DOI - 10.1111/irj.12150
Subject(s) - multinational corporation , competition (biology) , corporate governance , foreign direct investment , inward investment , investment (military) , business , economic system , adaptation (eye) , production (economics) , state (computer science) , space (punctuation) , market economy , economic geography , international trade , economics , political science , politics , finance , ecology , linguistics , philosophy , physics , optics , algorithm , biology , computer science , law , macroeconomics
This article examines how the international competition to attract and retain foreign direct investment shapes the governance of business and employment systems. Through an examination of global production networks and the changing role of the state in economic governance, it highlights the sub‐national regional space as an important level of institutional adaptation. Specifically, it explores how regions organise themselves to compete for inward investment, and the potential role of industrial relations actors within this. It argues that both research into multinational companies, and of the governance of employment systems more generally, need to incorporate an analysis of regional competition for productive investment more fully into their analysis.