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Embedding multinational firms in regional business systems: neoliberal and social‐democratic models in Spain
Author(s) -
Gonzalez Menendez María C.,
Balbona David Luque,
Pruneda Gabriel,
Almond Phil
Publication year - 2018
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.12202
Subject(s) - multinational corporation , foreign direct investment , competition (biology) , politics , investment (military) , inward investment , democracy , economics , economic system , market economy , economic geography , economy , political science , ecology , macroeconomics , finance , law , biology
The paper analyses how regional actors have mobilised to attract and retain foreign direct investment in two Spanish regions with different political approaches to the management of economic issues, including industrial relations. These regions are Madrid, the main pole of attraction of foreign direct investment in Spain, and Asturias, with a large tradition of heavy industry and a greater dependence on a small number of large employers. It finds the regions have adapted to international competition in substantially different manners and considers the alternative reasons why this might be the case, highlighting the role of organised labour both in the inward investment regimes themselves, and in shaping the nature of the different compromises they involve.