Three important developments underscore the internationalization of R&D since the early 1990s. First, MNCs from North America, Europe and Japan have increased their cross-border investments in R&D. Second, the roles played by the overseas R&D facilities of these MNCs have evolved from primarily acting as technology transfer agents from the parent company to the host country to that of a resource for the development of technologies for the local, regional, and world markets. Third, MNCs are beginning to integrate their research activities on a global scale and a number of MNCs have established...

This is volume six in a series which focuses on different aspects of international business and international relations. This book provides information on the current state-of-the art.