Learning from past investment incidents in peripheral regions: semiconductors in Patras, Greece
by Constantinos N. Antonopoulos, Vagelis G. Papadakis
International Journal of Innovation and Regional Development (IJIRD), Vol. 3, No. 3/4, 2011

Abstract: This paper on recent investment incidents (Atmel) in the semiconductor industry at Patras, Greece, contributes to an understanding of historically grounded cross-regional, multiscalar economic development dynamics and contingencies. The paper articulates this by: a) exemplifying the role of FDI in cross-regional knowledge based innovation networks; b) presenting a case of transatlantic investment flows and global business operations and multi-locational division of labour; c) focusing on a particular section of the ICT industries, which according to the literature showed long time propensity to organise in global production networks; d) bringing into this discussion the role of nationality, public-private R&D links and national-regional policy contexts. In discussing the recent post-(dis)investment history, the article also presents evidence of increasing momentum towards realising 'regional assets', initiated by historical and path-dependent development of regional knowledge institutions strengthened by previous investment episodes and the ensuing socio-institutional learning of the involved regional research and entrepreneurial community.

Online publication date: Sat, 29-Nov-2014

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