Provision of some ‘host’ resources moves down to sub-national levels, with increased potential for powerful MNCs and their local units to affect nature of host systems Knowledge Increased Capacity of Attempts to economy importance of MNCs to create relatively transmit tacit localized knowledge to knowledge ‘ecosystems’ international across within which competitiveness geographically geographical dispersed spaces can Belief that organizations compete on knowledge is value and easier to Continuing innovation transfer on a importance of local basis cost and Increased market importance of reasons for localized MNC location knowledge resources may promote increased cooperation within host regions, i.e. increased ‘embeddedness’ of host units in sub-national geographies Spatial and Technology, Continuing Move away organizational globalization importance of from ‘branch fragmentation and shareholder large MNC plants’ to need of production value corporate to imbricate considerations hierarchies MNC units (and other local businesses) in global production networks Increased need for flexible high skills ‘ecosystems’, involving MNCs, governance
Provision of some ‘host’ resources moves down to sub-national levels, with increased potential for powerful MNCs and their local units to affect nature of host systems Knowledge economy Increased importance of knowledge to international competitiveness Belief that knowledge is easier to transfer on a local basis Capacity of MNCs to transmit tacit knowledge across geographically dispersed organizations Continuing importance of cost and market reasons for MNC location Attempts to create relatively localized ‘ecosystems’ within which geographical spaces can compete on value and innovation Increased importance of localized knowledge resources may promote increased cooperation within host regions, i.e. increased ‘embeddedness’ of host units in sub-national geographies Spatial and organizational fragmentation of production Technology, globalization and shareholder value considerations Continuing importance of large MNC corporate hierarchies Move away from ‘branch plants’ to need to imbricate MNC units (and other local businesses) in global production networks Increased need for flexible high skills ‘ecosystems’, involving MNCs, governance
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