Abstract
AbstractRecent corporate restructuring in externally‐owned production units is examined in the case of Devon and Cornwall. Evidence is presented on the extent and nature of corporate restructuring in the areas of products and markets, production processes and labour use, and assessment is made of the degree to which restructuring has involved shifts towards flexible specialisation. Evidence of widespread restructuring based around achievement of increased production flexibility points to a broader applicability of concepts of flexible specialisation to regions dominated by external ownership. There is, however, significant unevenness in the movement towards flexible specialisation, between large and small firms, foreign‐owned and British‐owned plants, and between industrial sectors. Findings also have important implications for the role ascribed to branch plants in regional economies.
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