Abstract
Economic globalization has accelerated the innovation race among leading OECD countries as foreign direct investment (FDI) in Newly Industrializing Countries (NICs) plus China and India have created a new international division of labor. Indeed, globalization went along with a more intensive innovation race (JUNGMITTAG/MEYER-KRAHMER/REGER 1999). Moreover, in the 1990s increased R&D expenditures in China and many NICs as well as Russia have reinforced the ability of economic and technological catching-up.
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© 2010 Springer-Verlag Berlin Heidelberg
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Welfens, P.J. (2010). J. EU Innovation Policy: Analysis and Critique. In: Innovations in Macroeconomics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-11909-5_10
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DOI: https://doi.org/10.1007/978-3-642-11909-5_10
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