Changes in Global Research and Development: Decentralisation or a New Concentration?
Journal Title: Central European Review of Economics and Finance - Year 2015, Vol 10, Issue 4
Abstract
Since the 1990s, the highly concentrated field of global research and development (R&D) has been undergoing a series of changes, which many scholars interpret as a shift toward increased decentralization. A dynamic rise in R&D spending has been accompanied by greater contributions from countries outside the Triad, also via the activity of transnational corporations (TNCs), which boost their R&D expenditure on the one hand, and serve as the driving force behind R&D internationalisation on the other. While it once seemed that decentralisation would continue, a closer analysis of global R&D suggests that its concentration has actually increased since the middle of the second decade of the 21st century. The decentralization of R&D has led to a dynamic rise in the global importance of China and South Korea, which in turn triggered a new concentration process and a shift of global R&D toward a new centre in East Asia. The process of decentralisation, which causes a diffusion of R&D across a large number of actors, including developing countries, affects global R&D to a lesser extent than the new process of concentration, which now seems to be gathering momentum.(original abstract)
Authors and Affiliations
Anna Odrobina
Keywords
Related Articles
- EP ID EP209217
- DOI -
- Views 69
- Downloads 0
Development of equity market and its significance in the Slovak economy
The aim of the paper is to present results of the empirical research into the equity market development and its significance in the Slovak economy and especially to answer the following questions: * What is the significa...
Integration of the Financial Market EU after the Financial Crisis
The EU integration and the creation of the so-called European single financial market requires creation of institutional solutions corresponding to the integrated structure. At the moment, we are dealing with globalisati...
What can Turkey learn from Argentina?
This paper compares the experiences of Turkey and Argentina in the face of the recent global economic meltdown. The historical and economic peculiarities of these two countries render them as perfect comparative case stu...
Use of Six Sigma for Quality Assurance in the Arms Industry
The purpose of this paper is to present military applications of the quality assurance method called Six Sigma. This method is applied worldwide to shape the quality. It is used by the biggest global enterprises includin...
Corporate social responsibility as a source of competitive advantage
Interest is growing in issues of corporate social responsibility. Th e need to develop this theory is raised not only by entrepreneurs themselves but also by a number of other parties to socio-economic life who aff ect f...