Multinationals in Wales
DOI link for Multinationals in Wales
Multinationals in Wales book
Wales's integration into an international division oflabour has been comparatively recent. Unlike the other UK regions, Wales had no major indigenous but rapidly internationalising companies. Equally, foreign direct manufacturing investment in Wales took place rather later than in the other UK regions. So, for example, Monsanto's chemical plant in Ruabon which was established in 1895 post-dates the investments by Colt manufacturing at London (1853) and Singer at Clydebank (1867) (Bostock and Jones, 1994). Since this time and up until the 1980s Wales could be considered to be a laggard region in terms of the attraction of overseas manufacturing investments. Figure 5.1 shows that the number of foreign-owned manufacturing establishments in Wales grew only very slowly in the pre-World War 2 (WW2) period. Indeed, during the pre-WW2 years only East Anglia and the North and South West regions of England had fewer foreign-owned manufacturing plants (Bostock and Jones, 1994: 114).