Journal article

The locally embedded multinational and institutional capture

NA Phelps

Area | Wiley | Published : 2000

Abstract

Recent innovations in corporate organization have seen a growing body of literature entertain the idea that internationally mobile investment may be becoming more attached to local economies. Increasingly, these corporate dynamics are being met by national and sub-national initiatives to attract and embed multinationals This paper explores the implications of this convergence of corporate and institutional dynamics primarily at the local, sub-national scale. Recognition of the highly politicized nature of MNE-institution relations at the sub-national scale raises questions over the efficacy of sub-national institutional capacity in the attraction and development of FDI and highlights the pro..

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