The changing nature of FDI inflows in Wales, 1983-2007

摘要

The paper seeks to explore the impact of inbound foreign direct investment (FDI) on employment in one UK peripheral region, Wales, during the period from 1983 to 2007 based upon a unique data base provide by the Welsh Assembly Government. The aim of the underlying study was to analyse and seek to understand the relationships between transnational corporations (TNCs) countries of origin, types of FDI (new, expansionary, merger and acquisition and joint ventures), FDI-related capital investment, and (new and safeguarded) employment in the Welsh context. A model relating inbound FDI from TNC countries of origin (outside the UK) to the resultant impact on employment is developed from the academic literature, following which, an analysis of TNC inbound FDI and its impact on employment in Wales is carried out for the period from 1983 to 2007. The paper concludes by putting forward a series of conclusions and recommendations for policymakers and for further, related academic research.