Localization of global networks: new mandates for MNEs in Toronto’s innovation economy

Why software is eating the world

David A Wolfe, Richard J DiFrancesco and Steven C Denney

Cambridge Journal of Regions, Economy and Society, 2022, vol. 15, issue 2, 323-342

Abstract: The current wave of technological transformation is altering dynamics between the global and local scales. This transformation affects the dynamic linkages between multinational enterprises (MNEs) and the host economies in which they invest. This article examines how MNEs in leading technology sectors are re-evaluating their relationship to Toronto’s innovation economy. It employs elements of three conceptual approaches on global production networks, global innovation networks, and the locational strategies of MNEs. Firms engage with the host region in new ways by tapping into knowledge sources to diversify the locational base of their R&D activities, as well as with local entrepreneurial ecosystems in emerging technologies and industry niches.

Keywords: global innovation networks; global production networks; competence creating; strategic coupling; regional innovation systems; Toronto (search for similar items in EconPapers)
Date: 2022
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