The Geography of Innovation in a Globalized Economy

Xavier Tinguely
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Xavier Tinguely: University of Fribourg

Chapter 6 in The New Geography of Innovation, 2013, pp 109-132 from Palgrave Macmillan

Abstract: Abstract As was argued in the previous chapter, the world is still relatively spiky.1 Contrary to popular belief, despite the obvious globalization of the economy, productive and innovative activities continue to be concentrated in certain locations (i.a. Krugman, 1991a; Feldman, 1994; Florida, 1995; Enright, 1998; Porter, 1994, 1998a, b; Sölvell, 2002). The greater integration of the world economy has nevertheless unveiled many new opportunities for firms to take advantage of the capabilities and competencies of a broader range of environments (Dunning, 1998, p. 45; Dunning, 2008, p. 83; Ketels, 2008, p. 124). While until the late 19th century firms used to perform the great majority of their activities within their home country or even their home region, improvements in communication, transportation, and storage techniques progressively led them to reassess the role of location in their business strategy (Dunning and Lundan, 2008, p. 154). This new economic reality gradually opened up new perspectives for firms to disaggregate their value chain across different types of location worldwide (Hertner and Jones, 1986; Moore and Lewis, 1999).

Keywords: Foreign Direct Investment; Gross Domestic Product; Innovation Process; Tacit Knowledge; Outward Foreign Direct Investment (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1057/9781137367136_7

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