By John Cantwell
In globalising economies, really these facing a strategy of financial integration akin to these economies in the ecu, areas forge a growing number of linkages with different destinations inside and throughout nationwide borders. this is often mostly performed through the technological efforts of establishment organisations (MNCs). This ebook explores the nearby size of Europe when it comes to localised technological comparative merits and the positioning of cutting edge actions through MNCs. utilizing an empirical research John Cantwell and Simona Iammarino disguise such vital issues as:*MNC technological actions and fiscal wealth*MNCs and the nearby platforms of innovation in Italy, united kingdom, Germany and France*the geographical hierarchy throughout eu nationwide borders.
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Additional resources for Multinational Corporations and European Regional Systems of Innovation (Studies in Global Competition, V. 18)
This has been seen as a key dynamic potential of modern MNCs, both for the evolution of the transnational ﬁrm as such and for the development of host locations. At the same time, the growing attention devoted by economic analysis to the phenomena of spatial concentration has provided increasing evidence of the highly bounded character of technology creation and spillovers, highlighting the implications for economic growth deriving from the beneﬁcial interdependence between global creators of technology and regional and local innovation systems.
The authentic global generation of innovations requires, on the other hand, a wide range of skills and capabilities that only ﬁrms with speciﬁc infrastructure, organisation and management can attain (Archibugi and Iammarino, 1999). This explains why there has been a shift in attention away from the MNC as a mere vehicle of technology transfer towards the crucial role it plays as a creator of innovation and technological knowledge (Chesnais, 1988; Cantwell, 1994). The ‘state of the art’ on the international generation of innovation – leaving aside the current academic debate6 – may be depicted as a trend towards increasing shares of innovation generated outside the home country and integrated within the MNC.
When the latter occurs, international growth through time allows the MNC to leverage its accumulated experience and to smooth out the transition between major technological breakthroughs (Zander, 1997). Regional systems of innovation in Europe 21 To summarise, the interaction between local and global processes of knowledge creation may spur regional gaps within a country – with agglomeration in centres of excellence (either higher order or intermediate) being strengthened and lower order backward regions experiencing further marginalisation – in addition to it being likely to entail a tougher competition between core regional systems across countries, in order to grasp the best growth opportunities offered by GPTs and innovation networks.
Multinational Corporations and European Regional Systems of Innovation (Studies in Global Competition, V. 18) by John Cantwell