CSconnected: Does CS cluster inward investment improve regional economic prospects?

Munday, Maxim ORCID: https://orcid.org/0000-0001-9067-2481, Huggins, Robert ORCID: https://orcid.org/0000-0001-9798-8614, Kapitsinis, Nikos ORCID: https://orcid.org/0000-0002-3285-9894 and Roberts, Annette ORCID: https://orcid.org/0000-0002-6617-7808 2022. CSconnected: Does CS cluster inward investment improve regional economic prospects? [Project Report]. Cardiff: CSconnected. Available at: https://csconnected.com/media/utkj4qir/csconnected...

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Abstract

This case explores the role of firms in the Welsh compound semiconductor cluster as inward investors and agents of regional economic change. A key theme is that compound semiconductor manufacturing firms represent a pattern of inward investment for Wales that is different from that characterising much of the past and with the potential to provide better quality long term regional economic outcomes. The case reveals that for more disadvantaged local economies that there are challenges to develop conditions for encouraging inward investors to choose their nation or region as a home for knowledge-intensive industries. Here the strategic economic development goal and means of inward investment attraction is based more on the creation of knowledge spill-overs, such as the transfer of new skills, science, and management techniques which in the longer term stimulate local competition and innovation.

Item Type:	Monograph (Project Report)
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor
Publisher:	CSconnected
Funders:	UKRI Strength in Places Fund
Date of First Compliant Deposit:	23 December 2022
Last Modified:	16 May 2023 10:55
URI:	https://orca.cardiff.ac.uk/id/eprint/155275

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