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Journal of Economic Geography Advance Access originally published online on March 23, 2006
Journal of Economic Geography 2006 6(4):493-515; doi:10.1093/jeg/lbl004
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© The Author (2006). Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org

Lost in translation? Local interests, global actors and inward investment regimes

Nicholas A. Phelps* and Andrew Wood**

* School of Geography, University of Southampton, Highfield, Southampton SO17 1BJ, UK. email <n.a.phelps{at}soton.ac.uk>
** Department of Geography, University of Kentucky, 1457 Patterson Office Tower, Lexington, Kentucky 40506-0027.

Global economic integration is often viewed as a process orchestrated from ‘above’ by constituents of an emergent transnational class. Yet such perspectives neglect the autonomous contributions made from ‘below’ by subnational political coalitions that mediate between global and local interests. In this article we consider the issue of political mobilization at the subnational scale around the material and discursive interests of mobile capital. We highlight the mechanisms that mediate the tension between global and local interests and examine how this tension is articulated at multiple scales. We draw on empirical work in the United States and United Kingdom to illustrate the complex translation between ‘global’ capital and ‘local’ political coalitions. We conclude by sketching out the implications of our discussion for research on the role of political coalitions in fostering modernization through inward investment and upon some of the attendant policy implications.

Keywords: inward investment, globalization, political coalitions, scale,
JEL classifications: F21, F23, F02, H77, R12
Date submitted: 13 June 2005     Date accepted: 20 February 2006


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