Abstract
In this introduction, we discuss the recent changes in multinational
corporations' (MNCs) research and development (R&D) strategies and
China's rising role in this new development. Significant changes
include: 1) More and more corporations have started overseas R & D
operations; 2) the missions of many overseas R&D facilities have
shifted from the traditional supplementing and supporting roles to
become critical and strategic components of MNCs' global R&D
networks; and 3) MNC overseas R&D operations have expanded their
geographic reach to carefully selected developing countries. China has
benefited from such changes and has become one major attraction for such
R&D facilities due to its rich endowment of low-cost and well-
trained scientists and engineers as well as its fast growing domestic
market and burgeoning foreign investment in manufacturing. The explosion
of foreign R&D investment has also been accompanied by the rapid
growth of China's domestic investment in R&D. The growth in both
domestic and foreign investment in R&D implies that China will
improve its position in global economic and technological competition.
However, it is unclear to the rest of the world about the implications
of China's rising R&D and whether or not China can capture the value
from the presence of foreign R&D centres. We conclude that issues
related to China's science and technology development in general and
foreign R&D in China in particular warrant more research in the
future.
Original language | English |
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Journal | Asia Pacific Business Review |
Volume | 13 |
Issue number | 3 |
Pages (from-to) | 311-319 |
Number of pages | 9 |
ISSN | 1360-2381 |
DOIs | |
Publication status | Published - Jul 2007 |
Externally published | Yes |
Keywords
- China
- Globalization
- Offshoring
- Outsourcing
- R&D