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Regional Economic Development - Essay Example

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This work "Regional Economic Development" focuses on the role of foreign direct investment, a boost in trade volumes, and national income, diminishing rate of unemployment. From this work, it is clear that foreign direct investment is one of the most significant advantages that economic liberalization has allowed for various economies around the world…
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Regional Economic Development
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Download file to see previous pages An assured advantage of allowing inward investment in an economy is that it ensures economic regeneration through boosting up employment opportunities in the nation directly as well as indirectly. The direct impact is created when the original company absorbs people in itself while an indirect impact is created when others who land up following the footsteps of the former, engage themselves in a similar activity.
On the other hand, too much dependence on a single company is bound to throw a negative impact upon the economy, as is the case with that for monopolists. The present case study depicts how Dell emerged as an economic savior for Ireland back a few years ago when it decided to build its major European manufacturing plant in the nation. However the nation, or to be precise, the district of Limerick in Ireland, suffered a severe brunt following Dell’s decision to shift its manufacturing unit to Poland, owing to certain economic advantages that the latter comprises of. Such a move turned out to be detrimental for Ireland were many other companies had opened up their branches following Dell’s initial shift. Hence, the effect upon the economic prospects of the nation was multiplied leading many to believe the crucial role of inward investment upon the regeneration of an economy. A similar instance had been that for the case of Bosch, a German manufacturer of automotive that too has had a significant impact upon the economy of England. The Welsh province of England actually had benefitted largely owing to the company’s decision to build up a branch in the region, owing to similar grounds as that for Dell. However, like the latter, Bosch too suffered the brunt of its failure so much so that the provincial government had to adopt measures to save it with its ultimate objective being that to save the economy of Wales.
Foreign direct investment is often regarded as one type of capital financing that nations rely upon for an economic boost. Higher the amount of FDI that a nation is capable of attracting, higher are its chances of making it big in the economic front. Many types of research have been committed to figuring out the role that FDI inflows play behind the economic growth and development of a region. They have been briefed down in the points underneath. ...Download file to see next pagesRead More
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