The concept of globalization of innovation is the zip between two fundamental phenomena of modern economies: the increased international integration of economic activities and the raising importance of knowledge in economic processes. The paper singles out three different components of the globalization of innovation: (1) the international exploitation of nationally generated innovations; (2) the global generation of innovations by MNEs; and (3) global techno-scientific collaborations. Empirical evidence on these three categories is here presented, suggesting that the relevance of global forces in innovation is rapidly increasing, although at a different pace for each of the three ongoing processes.
Keywords: Multinational Corporations, Strategic Technology
The Next Era of Globalization Will Be Shaped by Customers, Technology, and Value Chains. James Manyika Susan Lund. February 12, 2019. Summary Full. Technology Innovation is the practice of innovating with technology to improve all or part of value-chain pipeline through product/service design, development, marketing, delivery and customer support. Ultimately, Technology Innovation is about finding ways to do things faster, better, cheaper to use an oft-quoted aphorism. Appleton Greene.
Within an economic perspective, Castells (2000) argues that technology has the power to determine the capacity of productivity and organization of society. Information is power, and technology provides information. Therefore, Castells was interested in analyzing the way this new economic system is emerging as a ‘transitional form toward the informational mode of development’ ( Castells, 2000: 78) which is most likely to characterize the coming decades. Throughout history one can point out the important role in which technology plays to the increase of productivity and consequently to the generation of economic growth. In his study, Castells was interested in analyzing if in fact technology was linked to the increase of productivity or not and if productivity is an indicator of the wealth of nations. His study revealed that ‘in a long term productivity is the source of the wealth of nations. And technology, including organizational and managerial technology, is the major productivity factor’ ( Castells, 2000: 94). Therefore, productivity is able to generate wealth to the nation. Nevertheless, the most important component in the process of productivity is technology. However, Castells also points out the fact that firms and nations are not interested in technology or productivity to help humankind. What they are actually interested in is, clearly, profitability. For that reason, ‘profitability and