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Innovation in Global Industries
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The causes and consequences for U.S. competitiveness and living standards of innovation by foreign nations and firms have been long-standing topics of scholarly and policy debate within the United States. During the 1960s and 1970s, much of this debate focused on U.S. multinational firms’ investment in offshore research and development (R&D) and production facilities, most of which were located in other industrial economies. Concern was expressed that the transfer of technology by U.S. corporations through their offshore R&D and manufacturing investments would contribute to the growth of foreign competitors in these and other industries and reduce domestic employment opportunities. The debates of the 1980s and early 1990s adopted a slightly different tone, emphasizing the growth of foreign competitors in industries such as automobiles and semicon- ductors whose innovative performance and high-quality products threatened the viability of U.S. firms (including multinational U.S. firms) and entire industrial sectors. These debates were concerned less with the offshore transfer of U.S. technological capabilities than with the threat posed by foreign firms’ competitive strengths.
Jeffrey T. Macher and David C. Mowery, - Personal Name
0-309-11632-5
NONE
Management
English
2008
1-387
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