Technology Innovation and Globalization - A Competitive Strategy Perspective
An overview of globalization strategies that enable and foster opportunities for technology spillover and innovation is presented.
Three main perspectives related to the impact of globalization on technology spillover and innovation are considered. First, country-level competitive strategies geared towards globalization are analyzed. Second, strategies adopted by ﬁrms for global leadership are reviewed. Lastly, the paradigm shift in globalization brought along by the Digital Economy is discussed.
Countries looking for opportunities to attract foreign direct investment, adopt competitive strategies to help them become more desirable targets to investors. In its various forms, foreign direct investment brings along opportunities for economic beneﬁts to the host countries, including technology spillover and innovation. Following varied globalization strategies, ﬁrms move out of their local environment, setting targets outside of their home base, in order to seek growth, expansion, and cost-saving opportunities. As the presence and use of the Internet becomes ubiquitous around our planet, opportunities for globalization along with technology spillover and innovation are no longer exclusive of countries and ﬁrms, but are also open to individuals.
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