Globalizing Innovation
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Globalizing Innovation
The impact of host country institutions and policy on innovation by multinational firms in emerging economies. In the past, multinational firms have looked to developing countries as sources of raw materials, markets, or production efficiencies, but rarely as locations for innovation. Today, however, R&D facilities and other indicators of multinational-linked innovation are becoming more common in emerging economies. In this book, Patrick Egan investigates patterns of inward foreign direct investment (FDI) in developing countries, considering the impact of host country institutions and policy on the innovative activities undertaken by multinational firms. He examines the uneven spread of innovation-intensive foreign direct investment and emerging sectoral distributions, then develops a number of arguments about the determinants of multinational innovation in developing countries. Firms are attracted by a country's supply of skilled labor and are often eager to innovate close to new markets; but, Egan finds, host country institutions and the configuration of the host country's investment policies have a strong impact on firm decisions and evolving country investment profiles. Egan uses econometric analysis to identify determinants of multinational innovation, and examines differences among state institutions as a key variable. He then offers a detailed case study, assessing Ireland's attempts to use foreign direct investment in innovation as a catalyst for development. While FDI is a potential vehicle for industrial upgrading, Egan cautions, it is neither necessary nor sufficient for development. Furthermore, innovation-intensive investments are not likely to develop linkages with local actors or otherwise embed themselves in host economies in the absence of active, discriminating policies channeled through coherent and coordinated institutions.
The Impact of Innovation on Globalization
The Impact of Innovation on Globalization is the eighth volume of the series China in the World. Like other volumes in the series, this volume includes views of leading Chinese scholars on China’s relations with other countries and regions in the world. In view of the theme of “globalization” in this volume, the contributors in this volume pay attention to how the Covid-19 pandemic impacts and challenges globalization, especially how it affects China, the United States, and their mutual relations. However, this is not to say that some issues surrounding globalization—the orientation and interrelationship of political and economic decision-making in China and the United States—have emerged only after the outbreak of the pandemic. The volume focuses on some long-term trends and innovations, from the past to the future. Chapter 2, “Globalization, Convergence, and China’s Economic Development,” describes the patterns of globalization. Chapter 3, “The Rejuvenation of the Chinese Nation is Unstoppable,” talks about views on current economic and financial issues. Chapter 4, “Reconstructing Global Industrial Chains under the Pandemic, and China’s Response,” discusses China’s pivotal position in global supply chains. Besides answering these basic questions, the book investigates other important issues, such as Global Value Chains, Changes in the International Order, Changes in the International Economic Landscape, WTO Reform, China’s Foreign Economic and Trade Strategies, Towards a Climate Resilience Society, Identity Politics, and the AI “Revolution”.
Globalization and Development
Over time, globalization has evolved into a shared journey of humanity, involving entrepreneurship, innovation, business and policy advances around the world. This book explores the link between globalization and development, and reveals the dynamics, strengths and weaknesses, trends in and implications of globalization in Asia and Africa. Presenting papers by respected experts in the field, it shares essential insights into the status quo of globalization processes and structures, identifies the opportunities and threats that globalization faces, and sheds light on the path to global peace. Topics range from using fair-trade practices to compensate for the impacts of globalization; to lessons learned for tomorrow from Tunisia, Morocco and Jordan; as well as emergent topics such as global entrepreneurship capacity and developing the Chinese economy overseas.