Abstract
Discussions of R&D in the United Kingdom usually centre upon the inadequacy of total expenditure relative to that in other competing nations. A phenomenon that appears to have merited much less discussion is that highlighted in Table 8.1. Over the period since 1976, the data on the sources of funding for R&D in the UK industrial sector have as their most noticeable feature a dramatic increase in the percentage of this total funding that comes from overseas. In this chapter I explore this phenomenon in more detail and attempt to address two basic questions: why is the percentage of UK industrial R&D financed from overseas relatively large and what are the costs and benefits of this?
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References
Behrman, J. and W. Fischer (1980) Overseas R&D Activities of Transnational Companies (Cambridge, Mass: Oelgeschlager, Gunn & Hain).
Cabinet Office (1988) Annual Review of Government Funded R&D, 1988 (London: HMSO).
Dicken, P. (1986) Global Shift (London: Harper & Row).
Hood, N. and S. Young (1982) ‘US multinational R&D: corporate strategies and policy implications for the UK’, Multinational Business, 2, pp. 10–23.
Taggard, J.H. (1989) ‘The Pharmaceutical Industry: Sending R&D Abroad’. Multinational Business, 1, pp10–15.
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© 1991 The British Association for the Advancement of Science
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Stoneman, P. (1991). Overseas Funding for Industrial R&D in the United Kingdom. In: Hague, D. (eds) The Management of Science. British Association for the Advancement of Science. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-21275-0_8
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DOI: https://doi.org/10.1007/978-1-349-21275-0_8
Publisher Name: Palgrave Macmillan, London
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