R&d Investment Of Multinational Corporations And China's Independent Innovation

Download or read book R&d Investment Of Multinational Corporations And China's Independent Innovation written by Wen Xiao and published by World Scientific. This book was released on 2020-09-17 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has attracted a huge amount of investment in R&D internationalization of multi-national corporations (MNCs), which is playing an important role in its economy. Constrained by natural resources, China has to attach more importance to technological progress and indigenous innovation in order to move beyond the old economic growth model. Technology seems inaccessible to outsiders, which prevents others from doing research in a comprehensive and systematic manner. In this book, technology is regarded as a factor of production that is allocated by MNCs across the world to maximize profits. Such rational economic behavior serves as our entry point to enhance existing theoretical achievements on R&D internationalization.