GalleryCreating jobs at home by investing overseas – a counterintuitive truth
Firms with direct investment in other countries create jobs at home. This is a counterintuitive fact that defies political thinking, especially in these rapidly changing times of populism and cries against global economic integration. Riccardo Crescenzi, Roberto Ganau, and Michael Storper study the number of jobs new foreign direct investment by domestic companies creates abroad, in comparison with local employment levels. They […]
How cities can avoid the pitfalls of ‘beauty contests’ to attract multinational investment
How cities can avoid the pitfalls of ‘beauty contests’ to attract multinational investment
EU and UK cities need an evidence-based diagnosis of their ‘unique selling points’, writes Riccardo Crescenzi.
What drives foreign investment to some cities and regions of the world, but leaves others almost completely untouched? And what can cities and regions do in order to attract those investments?
Traditionally, scholars have tried to understand this by looking at things like market access, […]