By Riccardo Crescenzi (LSE, left), Arnaud Dyèvre (LSE, centre), and Frank Neffke (Harvard, right).
Innovation is the motor of long-term economic growth, fostering wealth and prosperity. However, world cities and regions are extremely unequal in their potential to innovate. While some cities and regions generate most of the world patents and concentrate most of R&D spending, the vast […]
By Bernhard Dachs (AIT, left) and Georg Zahradnik (AIT, right).
The internationalisation of private investments in Research and Development has been a major development within the globalisation of innovation over the past three decades. While multinational enterprises (MNEs) used to carry most of their R&D activities in their home countries, R&D investments by MNEs abroad now account for around 28% of all […]
By Randolph Bruno (UCL, left), Nauro Campos (Brunel, centre) and Saul Estrin (LSE, right).
Foreign direct investment is a key aspect of globalization. The conventional wisdom is that although economic effects of FDI on the host economy are mostly positive, they are conditional. For example, they depend on host countries having reached critical levels of human capital or institutional quality. […]
By Riccardo Crescenzi and Simona Iammarino, LSE, department of Geography and Environment.
Corporate networks have dramatically altered regional connectivity and interdependence around the world. Multinational enterprises’ (MNE) networks have created both winning and lagging cities in a globalised world, spurring uneven regional development. For regions and cities access to internal and external knowledge is not about simple regional connectedness – i.e. the architecture […]
As the amount of FDIs from emerging economies is rapidly growing, European cities need to adopt new strategies to attracts these investments. With a clear understanding of what motivates these firms to invest in Europe, both a post-Brexit UK and continental Europe have the potential to convert FDIs from emerging economies into growth, jobs and innovation, Riccardo Crescenzi and […]
By Alexander Jaax, LSE
Despite its relatively advanced technological position after the collapse of the Soviet Union and substantial investments in research and development (R&D), Russia’s innovative performance remains astonishingly low. Amidst concerns over natural resource dependence, innovation has moved up the political agenda in recent years. International connectivity is of pivotal importance to the creation of new knowledge in […]
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