STEPHEN HILL is Director of the Welsh Economy Research Unit at Cardiff Business School. He is editor of the Welsh Economic Review and has published widely on inward investment and regional development.BRIAN MORGAN is currently Director of the Small Firms Research Unit at Cardiff Business School. He was previously Chief Economist at the Welsh Development Agency.

• Foreword; David Rowe-Beddoe Introduction; Stephen Hill and Brian Morgan PART 1: REGIONAL DEVELOPMENT Regional Issues in Inward Investment and Endogenous Growth; Brian Morgan Inward Investment, Local Linkages and Regional Development; Stephen Hill and Annette Roberts Sectoral Growth and Regional Development: the Welsh Experience; Jago Atkinson, Chris Ioannidis and Brian Morgan PART II: INWARD INVESTMENT The Entry Mode Decisions of Multinational Enterprises and Regional Economic Development; David A. Williams and David J. Smith The Indirect Regional Impact of Inward Investment; Nigel Driffield Uncle Sam's Ireland: the Nature and Impact of Foreign Multinationals in the Irish Economy; Bruce Lyons and Patrick McCloughan Inward Investment and City Development in the South West and Wales; Peter Gripaios, Rose Gripaios and Max Munday Overseas Inward Investment and Regional Development: the Case of the West Midlands; Clive Collis, David Noon and Tony Edwards PART III: BUSINESS FINANCE Venture Capital, Entrepreneurship and Regional Development: the Role of Informal Venture Capital; Colin M. Mason and Richard T. Harrison Financial Structure and the Economic Performance of Peripheral Economies: the Case of Europe; Sheila Dow Bank Finance and the Regions: a European Perspective; R. Ross Mackay and Philip Molyneux The Growth of the Scottish Financial Sector; J. R. Davies and P.R. Draper Regional Financial Markets and Credit Allocation: the Case of Small and Medium Sized Firms in Northern Ireland; Donal G. McKillop and Robert W. Hutchinson

STEPHEN HILL is Director of the Welsh Economy Research Unit at Cardiff Business School. He is editor of the Welsh Economic Review and has published widely on inward investment and regional development.BRIAN MORGAN is currently Director of the Small Firms Research Unit at Cardiff Business School. He was previously Chief Economist at the Welsh Development Agency.

• Foreword; David Rowe-Beddoe Introduction; Stephen Hill and Brian Morgan PART 1: REGIONAL DEVELOPMENT Regional Issues in Inward Investment and Endogenous Growth; Brian Morgan Inward Investment, Local Linkages and Regional Development; Stephen Hill and Annette Roberts Sectoral Growth and Regional Development: the Welsh Experience; Jago Atkinson, Chris Ioannidis and Brian Morgan PART II: INWARD INVESTMENT The Entry Mode Decisions of Multinational Enterprises and Regional Economic Development; David A. Williams and David J. Smith The Indirect Regional Impact of Inward Investment; Nigel Driffield Uncle Sam's Ireland: the Nature and Impact of Foreign Multinationals in the Irish Economy; Bruce Lyons and Patrick McCloughan Inward Investment and City Development in the South West and Wales; Peter Gripaios, Rose Gripaios and Max Munday Overseas Inward Investment and Regional Development: the Case of the West Midlands; Clive Collis, David Noon and Tony Edwards PART III: BUSINESS FINANCE Venture Capital, Entrepreneurship and Regional Development: the Role of Informal Venture Capital; Colin M. Mason and Richard T. Harrison Financial Structure and the Economic Performance of Peripheral Economies: the Case of Europe; Sheila Dow Bank Finance and the Regions: a European Perspective; R. Ross Mackay and Philip Molyneux The Growth of the Scottish Financial Sector; J. R. Davies and P.R. Draper Regional Financial Markets and Credit Allocation: the Case of Small and Medium Sized Firms in Northern Ireland; Donal G. McKillop and Robert W. Hutchinson