The wider effects of inward foreign direct investment in manufacturing on UK industry
调查了内向外国直接投资对英国本土供应商、竞争对手和客户的正面影响,包括减少低效和提升竞争力,并分析了知识转移渠道,为区域政策设计提供参考。
This paper examines the wider effects of inward foreign direct investment (FDI) to the UK on improving the practices and competitiveness of domestic industry. Surveyed domestic suppliers, competitors, and customers to foreign investors reported extensive positive impacts on their practices, focused particularly on reductions in X‐inefficiencies, and on their competitiveness, although in the case of competitors benefits had to be balanced against adverse effects. Knowledge transfers through personal contacts and the demonstration effect, were important to the transmission of impacts, but a number of other channels were also important, including additional supplier sales, improved customer inputs, and the competitive spur. Regional policymakers should take these wider benefits into account in the design of policies for attracting and embedding foreign investment. However, whilst there was no evidence that foreign firms in assisted regions had fewer benefits than those in core regions, there was a lot of leakage outside of the areas attracting foreign firms, suggesting that policies to promote spillovers should not be developed entirely in a local or regional framework.