ABSTRACT
One of the most powerful tactics in British industrial policy since the Thatcher period has been its inward FDI strategy, especially from East Asian countries. Britain has been the most favoured country for inward investment by other European and US MNEs. Since the late 1970s, UK was also the top inward investment country for foreign MNEs in the EU, especially from Japan. However, as the Hitachi case1 showed it had not always been easy.
