The Role of Foreign Direct Investments on Small Countries' Competitive and Technological Position
AbstractThis KNOGG report analyses the role of Transnational Corporations in the small European countries and synthesises their importance in generating spillovers. For dissemination of technology it is important to build and/or increase the efficiency of national innovation systems and strengthen the technological advantages of local firms to enable them to absorb successfully R&D from foreign TNCs. The location is of importance for TNCs that concentrate more on development than on research activities. Finland is the only one of the KNOGG countries that actively promotes S&T policies by enforcing the domestic national innovation system. This makes the country an attractive place for high technology parts of inward FDI. Although Ireland, the Netherlands and Hungary also try to attract FDI with connections to their domestic economy, there are often not linkages to the national innovation system. In Greece and Slovenia some fiscal measures of technology spillovers exist but these are not part of explicit S&T policies.
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Bibliographic InfoPaper provided by Government Institute for Economic Research Finland (VATT) in its series Research Reports with number 100.
Date of creation: 08 Sep 2003
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Find related papers by JEL classification:
- F20 - International Economics - - International Factor Movements and International Business - - - General
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
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