The German-Owned Manufacturing Sector in the North-East of England

The north-east of England is one of the most successful regions in attracting foreign investment in the UK-Germany being the most important European investor. This article seeks to provide a detailed account of the underlying motives and linkage effects of German direct investment in the manufacturing sector in the north-east of England. The study of 19 of the 29 German-owned manufacturing companies found that market-orientation was by far the most important pull-factor. The direct effects in terms of associated jobs and capital spending created a solid and persistent structure with six companies even expanding. However, to be more beneficial to the restructuring of the regional economy the existing linkages of the German-owned manufacturing sector have to be consolidated and additional networks built up. A separate discussion of the rise and fall of the Siemens semiconductor plant at Wallsend reveals the volatility of flagship investments and stresses the need for a regional industrial policy combining Foreign Direct Investment (FDI) with endogenous economic development.     

Commuting to the Istanbul Historical Core: The Case of Industrial Employees

The aim of this paper is firstly, to determine the types of manufacturing activities which are at present active in the Istanbul Historical Core and secondly, to establish the daily commuting pattern of industrial employment. With this information to hand, it is then possible to assess the impact of the transportation pattern on the historical core and the metropolitan area as a whole. The results show that industrial employees commuting to work in the historical core face more difficulties, by way of duration-distance-change, than the average value observed in the metropolitan area. Moving manufacturing activities away from the historical core will not only decrease the difficulties faced by industrial employees in this area, but will also relieve this 2400 year old area from the burden of traffic congestion, environmental and noise pollution, and create usable building capacity .     

The Istanbul Modern Art Museum: An Urban Regeneration Project?

Abstract

In the 2000s, contemporary art institutions have flourished in Istanbul. New museums (mostly private) and art galleries have been created; biennials and fairs of contemporary art have attracted a growing number of visitors. To what extent could this fostering of culture be linked with the “Bilbao effect”? To what extent are the promoters of these cultural investments betting on economic development and urban regeneration through these projects? Focusing on the Istanbul Modern Art Museum (IM), this article analyses the process of its creation and its potential impact on its environment. It argues that the development of culture investments in modern arts in Turkey is mainly due to the private initiatives of large industrial groups and the wealthiest families, most of the time with political support. More than the expected economic impact of cultural investments, the main reason for these public–private collaborations is the symbolic dimension that contemporary art provides to a country which strives to be perceived as modern, developed and European. From the IM to Istanbul European Capital of Culture 2010, cultural investments are a means of strengthening an international image in the context of the “membership” negotiations between “Turkey and the European Union”.     

上海都市区制造业就业格局的演化及影响因素

制造业是城市经济的重要组成部分和推动城市空间格局演化的重要驱动力。本文采用上海1996年、2004年、2008年制造业企业分街道就业数据,分析上海都市区制造业的空间格局演化,采用计量模型探究了制造业就业分布的主要影响因素。研究表明,上海都市区制造业就业空间格局已经基本实现了郊区化,并涌现出了稳定的制造业次中心;区位、交通、地价和政策因素对制造业就业格局的形成有着显著作用,而且这些因素的作用存在着显著的行业间差异性。为实现制造业的合理布局和城市空间结构优化,政府应该尊重市场规律和不同产业的特点,为不同产业选址布局提供相应的空间供给和基础设施。     

Factors Influencing Location Selection of Warehouses at the Intra-Urban Level: Istanbul Case

Depending on the worldwide developments in the industry and services sectors, the increased significance of the logistic sector is continuing. In parallel to this tendency, the need for warehousing as one of the basic activities of logistics has increased and the warehouses have returned to the important function areas for urban sites. In recent years, warehouses are demanded in the real estate market just like houses and offices. In the literature, although there are many supply chain studies focused on location selection of warehouses, there is a lack of studies discussing the behaviour of warehouse location at the intra-urban level. The article investigates the factors affecting the location selection of warehouses and their degree of importance in Istanbul as a case area by using a logistic regression model. It was found that location-specific factors are effective on the location selection of warehouses in the Istanbul metropolitan area, and warehouse location follows a certain economic rationality at the intra-urban level.     

战后日本对中国的直接投资

战后日本对华直接投资开始于1979年,呈现出沿海地区集中、投资目的单一、由制造加工转变为注重销售等特点,同时在其发展中也存在着一些问题。为此,中国应在充分认识日本海外直接投资规律的基础上,进一步开放市场,优化投资环境,增强包括日本投资者在内的外国投资者的投资信心,以便吸引更多的投资满足国有企业改革和西部开发对资金、技术和管理的迫切需要。     

Throwing the Baby Out with the Bathwater: Australia’s New Policy on Treaty-Based Investor-State Arbitration and its Impact in Asia

Abstract

Treaties allowing investors to initiate arbitration claims directly against host states for illegally interfering with cross-border investments are becoming increasingly common in Asia, but Australia announced in 2011 that it will no longer include such protections in future treaties. The backdrop to this decision includes keen interest from Asia in foreign direct investment (FDI) into Australia’s resources sector, meaning that potential investors may not be significantly deterred by a lack of arbitration provisions in future treaties. This article argues, however, that Australia’s policy shift risks undermining the entire investor-state arbitration (ISA) system, with the earliest impact being felt by major pending treaty negotiations by Australia with Japan, China and Korea (respectively); and that the shift may significantly reduce FDI flows or have other adverse effects. The article criticises the cost-benefit analysis of ISA protections in one pivotal study conducted in 2010 by an Australian Government think-tank, arguing that this assessment is insufficiently nuanced. Instead, the article presents a justification for more tailored and moderate changes to ISA provisions in future treaties. Its tentative interest-group analysis suggests, however, that there may be surprisingly few public or private constituencies that would prefer such moderate reforms, and that most may well prefer the more extreme position recently adopted by Australia, despite the damage that will be done to the ISA system as a whole. The article also argues that Australia’s policy shift and think-tank analysis may make Asian countries more cautious about ISA, especially those (like the Philippines and Vietnam) which have traditionally been more cautious about this dispute resolution system.     

Financial Globalization,Local Debt Markets and New State Financial Activism in Middle-income Countries

Since the global financial crisis of 2008–09, there has been a renewed interest in the role of the state in processes of financial development and globalization. This article explores new forms of state economic activity via the development of debt capital markets in Southeast Asia, specifically Indonesia and Malaysia. It suggests that the expanding profile of various state-controlled entities in local capital markets constitutes a new form of state financial activism responsive to (upper) middle-class consumption preferences such as modern infrastructure, urban housing and low-risk investments. This activism highlights state agency and complicates the propositions of the emergent literature on state capitalism and financial de-risking that focuses on increasingly close alignment of the interests of states and international portfolio investors. Accordingly, the authors caution against unilinear conceptions of the state in which activism is primarily geared towards accommodating the preferences of international investors. The article posits that states are actively trying to establish new market logics for the benefit of their domestic middle classes via the development of domestic capital markets, and that the emergent role of middle-income country (upper) middle classes as financial consumers reconfigures processes of state-managed financialization.     

Cohesion,Polycentricity, Missing Links and Bottlenecks: Conflicting Spatial Storylines for Pan-European Transport Investments

This article undertakes a discourse-centred investigation of the underlying rationales of European Union (EU) transport-sector investments. Its central contribution is the 'Conflicting-Storylines Proposition', stating that EU transport investments lack consistence and sustainability due to the existence of partially complementary, partially competing EU development objectives which are in turn expressed through four key storylines: 'cohesion', 'polycentricity', 'missing links' and, most recently, 'bottlenecks'. EU decision-making remains deeply conflicted and contested. Transport sector investments have to satisfy different aims related to growth, competitiveness, cohesion and sustainability. The Trans-European Network priority projects violate cohesion and sustainable development goals by concentrating investments in already privileged areas.     

Employment Risk in U.S. Metropolitan and Nonmetropolitan Regions: the Influence of Industrial Specialization and Population Characteristics

Abstract.  A dynamic labor market model is used to motivate the inclusion of population characteristics and industrial structure as determinants of regional employment instability. We examine how these factors influence regional employment instability using data from both metropolitan and nonmetropolitan regions in the United States. We find that population characteristics are important determinants of employment volatility and that increased industrial specialization (reduced diversification) increases employment volatility, but the magnitude of that influence drops substantially once population characteristics are considered. We also find that the influence of population characteristics and industrial specialization varies significantly across metropolitan and nonmetropolitan regions.     

The Spatial Dispersion of Informal Investment at a Regional Level: Evidence from the UK

Although there have been various studies on the geographical specialization of venture capital in the UK, there remains a gap in the research on regional differences in the behaviour of those informal investors who make a significant contribution to the funding of entrepreneurial ventures. Utilizing a unique data set from the Global Entrepreneurship Monitor project, this study will estimate the level of informal investment activity across the different regions of the UK. The relationship between informal investment and early stage formal venture capital availability is also examined to determine which areas display the greatest funding gaps in the provision of equity finance. It shows that while formal and informal investments are heavily concentrated in highly prosperous areas such as London and the South East of England, informal investments make a larger relative contribution to early stage and expansion equity capital within poorer regions.     

Timber-framed Houses Built for the Court Members after the 1894 Earthquake in Istanbul: Rationalization of Construction Techniques

During the second half of the 19th century, Western European industrial achievements affected construction techniques in Istanbul. Ottoman archival documents reveal the usage of industrial materials and machine shaped timber elements, which brought the rationalization of traditional timber construction techniques. After the 1894 Istanbul earthquake, many post-earthquake timber-framed houses constructed as temporary shelters in the precincts of masonry mansions were rapidly built due to the rationalization in building techniques. Since there is not any inventory for the industrial materials and techniques used in the second half of the 19th century in Istanbul, their determination is of crucial importance in the process of conservation.     

Profitability or Industrial Relations: What Explains Manufacturing Performance across Indian States?

This article begins with a critique of the well-known claim by Besley and Burgess concerning the negative impact of labour regulation on organized sector manufacturing performance in India. In the second part of the article, the authors use a state-level panel data set for the period 1969–2005 to analyse the relative importance of profitability (rate of profit as a percentage of the total replacement cost of capital stock) and industrial disputes (man-days lost to all industrial disputes as a percentage of total workers employed) to explain cross-state variations of manufacturing performance in India's organized sector. Using three different measures of manufacturing performance — net value added, investment and employment — they find that profitability is more significant than industrial disputes in explaining the variation of manufacturing sector performance across Indian states. The findings presented here therefore question the uncritical acceptance of Besley and Burgess's results in the literature on labour regulation.     

Spatial Governance across Borders Revisited: Organizational Forms and Spatial Planning in Metropolitan Cross-border Regions

In Europe, cross-border cooperation in spatial planning has intensified in recent years. Organizations with varying institutional characteristics have emerged in urban areas that cross a national border. They deal with problems stemming from the cross-border situation. The institutional and spatial aspects of organizations on the sub-national level in nine European cross-border metropolitan regions are compared in this article. The analytical concept of metropolitan governance applied here takes into account the simultaneous existence of different cross-border organizations as well as their spatial and functional relationships. Subsequently, this article assesses the impact of governance on spatial planning in two cases, Basel and Lille, where institutional changes occurred on the sub-national level between 2000 and 2010. The way organizational and spatial attributes of new forms of cross-border metropolitan governance influence the coordination of spatial policies is discussed here. The comparison of organizational characteristics and capacity to coordinate reveals important differences. Furthermore, comparing spatial scales shows how new cross-border perimeters are drawn along existing national territories. Organizations' competences and interests are decisive for the coordination and implementation of spatial policies.     

Analysing Contemporary Metropolitan Spatial Plans in Europe Through Their Institutional Context,Instrumental Content and Planning Process

This article sets out to propose and apply a qualitative framework for thinking about how to analyse and compare metropolitan spatial plans in a milieu of divergent spatial planning traditions and discretionary planning practices. In doing so, the article reviews and develops an understanding concerning the institutional context, instrumental content and planning processes associated with four contemporary metropolitan spatial plans in Europe, namely those of London, Copenhagen, Paris and Barcelona. Through the results of a multiple case study and a subsequent cross-comparative analysis, the article stresses that contemporary metropolitan spatial plans tend to merge the characteristics associated with project-based and strategy-based spatial plans, thus contrasting with the typical land-use character of municipal plans and the often strategic, growth-oriented pursuit of regional plans in Europe. In this sense, the metropolitan scale is treated less explicitly as a planning scale per se; rather, it tends to emerge as a “concealed” scale between municipal and regional scales and also between local and regional knowledge in planning. Moreover, the analysis suggests that while metropolitan plans seem to converge in terms of their general themes, they cannot be ultimately “typified” in view of ad hoc variations related to their institutional contexts, instrumental contents and planning processes.     

Twenty‐first Century Industrial Policy in a Small Developing Country: The Challenges of Reviving Manufacturing in Rwanda

The Rwandan government — widely lauded for its political commitment to development — has refocused its efforts on reviving growth in the manufacturing sector. This article examines how pressures from different levels — international, regional and domestic — have shaped the evolving political economy of two priority sectors (apparel and cement). To achieve its goals of manufacturing sector growth, the Rwandan government aims to access foreign markets (on preferential terms) and larger regional markets while developing effective state–business relationships with locally based firms. Despite the government's political commitment to reviving its manufacturing sector, its strategy has been both shaped and impeded by shifting pressures at the international level (through Rwanda's recent suspension from the African Growth and Opportunity Act), the regional level (through competition from regional firms) and the domestic level (through over‐reliance on single firms). Within the current industrial policy literature, there is limited reflection on how developing countries are dealing with the multi‐scalar challenges of enacting industrial policy in a much‐changed global trading environment. This article contributes to the industrial policy literature by addressing this lacuna.     

TOTAL FACTOR PRODUCTIVITY GROWTH IN MANUFACTURING FURTHER EVIDENCE FROM THE STATES*

In this paper, we first develop a measure of total factor productivity (TFP) growth and summarize a source-of-growth analysis for the manufacturing sector of 48 states. As have others, we find little association between TFP growth differentials and output growth differentials for census regions. At the staterather than the regional level, however, we find a positive association between TFP growth and output growth. We use cross-sectional data to estimate the determinants of the variation in TFP growth. Two results emerge that are important for regional policy and for understanding national productivity trends. First, state investments in education and in transportation infrastructure may affect TFP growth. Second, energy price increases in the early 1970s had no differential effects on productivity growth across states. We also explore the determinants of manufacturing output growth and find that TFP growth, demand growth, wage growth, wage levels, and state corporate income tax rates are significant.     

Big City Labor Markets and Immigrant Economic Performance

Franklin J. James spent much of his career working to understand and improve our metropolitan communities. His interests were varied, ranging from impacts of fiscal and economic distress on urban areas to understanding socioeconomic forces reviving our central cities. During the last several years, Professor James had turned his attention to examining the positive economic impacts immigrants and ethnic communities have for reinvigorating our central cities-and beginning to investigate how non-native American's will impact America's suburbs in metropolitan settings
This preliminary exploration examines destination choices of immigrants, the characteristics of immigrant labor markets, and the determinants of immigrant earnings. The article begins to explore indirect evidence on the economic efficiency with which immigrants and native workers distribute themselves within and among labor markets as well as the assimilation process facing new immigrants. Evidence is presented to explain how the earnings of recent immigrants are affected by their human capital characteristics, their race, and ethnicity, and other factors. We reject the hypothesis that immigrants participate in a tertiary sector of urban labor markets and conclude that the determinants of immigrant earnings are similar enough to those of U.S. natives that it makes sense to assume that they work in the same primary labor market in which most native White Americans work. We find that urban labor markets for immigrants are surprisingly efficient, thus enabling immigrants to take advantage of economic opportunities. A major exception concerns what appears to be a powerful effect of discrimination on the economic progress of Black immigrants.     

The Interregional Location of Foreign Investors in Turkey

There are several dynamic factors that contribute to the reinforcement of the commercial relationships of Turkey. That is to say not only the strategic regional importance of Turkey, placed on the axis extending from the Far East to the Mediterranean side, Middle East and Europe, but also the new opportunities arising from the continuously developing relationships with the Balkan countries and the newly-established Turkish Republics, since the beginning of the 1990s, have been strengthening Turkey's commercial contacts. Istanbul has the communication networks and infrastructure required to develop into a regional centre. The major investments made in the communication sector during the 1980s have acted to develop the telecommunications infrastructure, thus supporting Istanbul's development into a regional communications centre. Today Istanbul has one of the world's most developed telecommunications infrastructures and this has given the city advantages in terms of expanding into international markets.