Investissement étranger et développement régional : le cas de l’industrie automobile au Portugal1

Abstract

This paper tries to conceptualise the role of inward investment to the regional development process. The stereotype of the plundering of regional resources by foreign capital seems, in many cases, to belong to the past. Major firms, such as the transnationals, tend to emulate some organisational models characteristic to SME, thus establishing strong linkages with regional firms and local institutions. The study of the automobile cluster polarised by Autoeuropa (a VW plant) and its value chain allowed stressing the technological and organisational innovation in the Autoeuropa suppliers as a result of collaboration and co-operation forms of relation in the network. Among the most stimulating conclusions, one may highlight the existence of relevant forms of trade and untraded interdependencies between Autoeuropa and a restricted group of suppliers, which contradict the “cathedral in the desert” stereotype and confirm a new type of relation between inward investment and the regional development process.