Branch plant economy
Branch plant economy is terminology used to describe national/local economies that host many branch plants (i.e. factories or firms near the base of a supply chain/command chain), but do not host headquarters.[1][2] In particular, it was used in arguments that countries must develop independent companies, as a form of economic nationalism, to create better jobs and avoid having managerial positions filled only by corporate workers from outside the country.[1]
It was used in the 1970s to describe Canadian reliance on US headquartered corporations or Scottish reliance on English-headquartered corporations[1] but may have fallen out of mainstream use.[citation needed] Some opinion pieces still use the terminology to decry reliance on outside states, especially with regards to Canada’s relationship with the United States.[3][4]
References
- ^ a b c Sonn, Jung Won; Lee, Dongheon (2012). "Revisiting the Branch Plant Syndrome: Review of Literature on Foreign Direct Investment and Regional Development in Western Advanced Economies". International Journal of Urban Sciences. 16 (3): 243–259. doi:10.1080/12265934.2012.733589. ISSN 2161-6779. S2CID 153679665.
- ^ Rogers, Alisdair; Castree, Noel; Kitchin, Rob (2013-09-19), "branch plant economies", A Dictionary of Human Geography, Oxford University Press, doi:10.1093/acref/9780199599868.001.0001/acref-9780199599868-e-143, ISBN 978-0-19-959986-8, retrieved 2024-02-06
- ^ Crane, David (21 August 2023). "Canada cannot rely on a branch-plant strategy for the future". The Hill Times. Retrieved 2024-04-10.
- ^ Silcoff, Sean (2016-06-17). "Microsoft reminds us that Canada is still a branch-plant economy". The Globe and Mail. Retrieved 2024-04-10.
- v
- t
- e
topics
- Agreement on Internal Trade
- Banking in Canada
- Comparison of Canadian and American economies
- Economic impact of immigration
- Energy policy
- Free trade agreements
- Great Recession
- Interprovincial migration
- Land ownership
- National Round Table on the Environment and the Economy
- Oil reserves
- Provinces and territories by GDP
- Poverty
- Public-private partnerships in Canada
- Public debt
- Security and Prosperity Partnership of North America
- Social programs
agencies
- Atlantic Canada Opportunities Agency
- Bank of Canada
- Canada Deposit Insurance Corporation
- Canada Development Investment Corporation
- Canada Infrastructure Bank
- Canada Mortgage and Housing Corporation
- CPP Investments
- Department of Finance
- Economic Development Agency of Canada for the Regions of Quebec
- Federal Economic Development Initiative for Northern Ontario
- Financial Consumer Agency of Canada
- Financial Transactions and Reports Analysis Centre of Canada
- Office of the Superintendent of Financial Institutions
- PPP Canada
- Royal Canadian Mint
- Western Economic Diversification Canada
programs