May 2000 - Multinationals have become increasingly important to the world economy. Overseas production by U.S. affiliates is three times U.S. exports, for example. Who is investing where, for sales where? Much foreign direct investment is between high-income countries, but investment in some...

"This is an introduction to spatial and regional inequality. Drawing on data from 25 countries from around the world, it examines the questions: What exactly is spatial inequality? Why does it matter? And what should be the policy response to it?"--Provided by publisher

Why are some spatial differences in land rents and wages not bid away by firms and individuals in search of low-cost or high-income locations? Why does economic activity cluster in centers of activity? And what are the consequences of remoteness from existing centers?