The locally embedded multinational and institutional capture

Recent innovations in corporate organization have seen a growing body of li terature entertain the idea that internationally mobile investment may be b ecoming more attached to local economics. increasingly, these corporate dyn amics are being mel by national and sub-national initiatives to attract and embed multinationals This paper explores the implications of this converge nce of corporate and institutional dynamics primarily at the local, sub-nat ional scale. Recognition of the highly politicized nature of MNE-institutio n relations at the sub-national scale raises questions over the efficacy of sub-national institutional capacity in the attraction and development of F DI and highlights the prospect of some form of capture of sub-national inst itutional capacity.