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Globalization Of Innovation Activity By Transnational Corporations: And Its Importance In The Present Economic Crisis

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  • ANNA ZORSKA

    (The Institute for International Studies Warsaw School of Economics, Poland)

Abstract

The research aims to investigate the process of globalizing innovation activity conducted by transnational corporations (TNCs), in a wider context of economic changes outside and inside companies. The process has been triggered by decentralization and internationalization of R&D, “creative transition” of foreign subsidiaries as well as implementing research networks and the open innovation model of TNCs’ innovation activity. Under the present economic crisis some slowdown and reorientation of innovation programs are implemented in order to reduce their costs and increase effectiveness. The globalization of corporate innovation activity can contribute to reaching some of TNCs’ goals both under the present crisis and the future revival of the world economy.

Suggested Citation

  • Anna Zorska, 2010. "Globalization Of Innovation Activity By Transnational Corporations: And Its Importance In The Present Economic Crisis," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 4(1), pages 11-14, February.
    • Handle: RePEc:pdc:jrpieb:v:4:y:2010:i:1:p:11-14
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    References listed on IDEAS

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    1. Manolopoulos, Dimitris & Papanastassiou, Marina & Pearce, Robert, 2005. "Technology sourcing in multinational enterprises and the roles of subsidiaries: An empirical investigation," International Business Review, Elsevier, vol. 14(3), pages 249-267, June.
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    More about this item

    Keywords

    Globalization; innovations; economic crisis; TNC.;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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