The global nature of foreign direct investment (FDI) is changing in terms of both location and sectors of activity. This paper analyses recent flows of R&D FDI across the globe. It is found that North America has been the source of one-half of all R&D FDI between 2002 and 2005. Asia Pacific,...

This paper discusses two economic functions of the University of Wales Cardiff (Cardiff University) in relation to local and regional economic development. The first concerns its direct and indirect impact as an economic force in its own rights in the locality and the wider city-region of South...

Culture matters for regional economic development and is one source of cognitive lock-in that influences path creation and dependency. However, little is known about the sources of regional variation in culture. This study explores the long-term imprinting effect of the Industrial Revolution on...