What drives the observed tendency of new FDI, other things equal, to be attracted to locations where many other foreign investors are located? One explanation in the literature on FDI location is that expected benefits from agglomeration externalities make firms want to locate in agglomerated...

Manufacturing companies have recently been seeking differentiation and profit enhancement through the servitization of products. The service economy, with the increase in its proportion of service sector in the total employment and values added, is also accelerating in the developed countries....