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Evolution of Multinational Corporate Technological Systems in the UK and US

Author

Listed:
  • John Cantwell

    (Professor John Cantwell, Department of Economics, The University of Reading, PO Box 218, Whiteknights, Reading RG6 6AA, UK. Tel: +44 (0)188 9875123. Fax: +44 (0)118 9750236. Email: J.A.Cantwell@rdg.ac.uk)

  • John Dunning

    (Professor John H. Dunning, Rutgers University, Graduate School of Management, University Heights, 180 University Avenue, Newark, NJ 07102-1895, USA. Tel: +00 973 353 5885. Fax: +00 973 353 1323. Email: jdunning@gsmack.rutgers.edu)

  • Odile Janne

    (Dr Odile Janne, Department of Economics, The University of Reading, PO Box 218, Whiteknights, Reading RG6 6AA, UK. Tel: +44 (0)118 9875123. Fax: +44 (0)188 9750236. Email: O.E.M.Janne@rdg.ac.uk)

Abstract

This paper examines the evolution since 1969 of the industrial structure of local technological development by US-owned multinational enterprises (MNEs) in the UK, by comparison with UK-owned MNEs in the US. The data used are the patents granted in the US to the largest US-owned and UK-owned firms, organised by the principal industry of the firm and the original location of the innovative facility responsible for each patented invention. The evidence illustrates the effect of a shift towards internationally integrated strategies for corporate technological development. In each case the local innovation of MNEs has moved closer to the industries of host country technological advantage, and hence to utilising location-specific capabilities as a source of competitive advantage in the MNE. We interpret this as a shift from an asset-exploiting towards an asset-augmenting form of foreign direct investment (fdi).

Suggested Citation

  • John Cantwell & John Dunning & Odile Janne, 2002. "Evolution of Multinational Corporate Technological Systems in the UK and US," Journal of Interdisciplinary Economics, , vol. 13(1-3), pages 135-163, January.
    • Handle: RePEc:sae:jinter:v:13:y:2002:i:1-3:p:135-163
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    Cited by:

    1. Andrea Coveri & Antonello Zanfei, 2023. "Who wins the race for knowledge-based competitiveness? Comparing European and North American FDI patterns," The Journal of Technology Transfer, Springer, vol. 48(1), pages 292-330, February.

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