ABSTRACT
Like the geography of trade, the geography of foreign direct investment (FDI) both affects and is affected by the geography of production. Since the industrial revolution, each of these geographies has been in a state of flux as a result of the opening up of new territories, the discovery of new agricultural and mining products and raw materials, population growth, technological advances, and changes in the way in which economic activity is organized. However, it is doubtful whether, in the last 200 years, the geography of production has been so profoundly reconfigured over such a short period as it has between the mid-1970s and mid-1990s. Some of the more important of these changes are set out later in this chapter.
