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Localization of global networks: new mandates for MNEs in Toronto’s innovation economy
[Why software is eating the world]

Author

Listed:
  • David A Wolfe
  • Richard J DiFrancesco
  • Steven C Denney

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.

Suggested Citation

  • David A Wolfe & Richard J DiFrancesco & Steven C Denney, 2022. "Localization of global networks: new mandates for MNEs in Toronto’s innovation economy [Why software is eating the world]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 323-342.
    • Handle: RePEc:oup:cjrecs:v:15:y:2022:i:2:p:323-342.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsac002
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    Cited by:

    1. Huiwen Gong & Robert Hassink & Christopher Foster & Martin Hess & Harry Garretsen, 2022. "Globalisation in reverse? Reconfiguring the geographies of value chains and production networks [Does Covid-19 Spark the End of Globalisation?]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 165-181.

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