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Disappearance of 'asian miracle'

A very interesting article on the BBC website this morning on the decline of Asian investment in Wales.

Perhaps the biggest issue is that all the overseas businesses which located here did were not encouraged to embed themselves in the local economy, especially in linking into higher value added services such as R&D from local universities. This made it relatively easy for them to close their down their operations and to move production to lower wage countries.

Certainly, any future inward investment projects have to ensure that once businesses come into Wales, that they become essentially 'Welsh' firms with the foundation of their competitive advantage based on their links with high value Welsh institutions.

Comments

Anonymous said…
There is that, but then there's a whole host of other factors at play. The best places to do business in the world are physically accessible, have tax incentives, good local universities and plenty of talented people with low salary expectations - oh hang on that is China!
November 07, 2006 2:00 pm
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