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In recent decades, there have been significant changes in the way corporate innovation activities are performed. They include changes in the innovation process, flexibility to outsource certain innovation activities, and by far, the most important one, wider choice in the location of innovation. What caught the most attention of is the trend towards globalization of research and development (R&D) and thereby performance of innovation activities away from the home countries.

This research monograph examines the implications of trends of globalization of corporate research and development. In recent years, transnational corporations have begun to develop strategic research and development capabilities in developing countries. This R & D is related to developing products for the global markets or basic research to develop generic technologies for companys' long term use. Previously such R & D was only performed in the industrialized world; now this trend has implications for host countries. Transnational corporations benefit from cheaper wage and production costs...

In recent decades, there have been significant changes in the way corporate innovation activities are performed. They include changes in the innovation process, flexibility to outsource certain innovation activities, and by far, the most important one, wider choice in the location of innovation. What caught the most attention of is the trend towards globalization of research and development (R&D) and thereby performance of innovation activities away from the home countries. The main concerns relate to the two new trends: First, the multinational corporations (MNCs) locating strategic...