Knowledge Spillovers from FDI and Positioning of CEECs in Times of a Global Shift in Production and Innovation

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Knowledge Spillovers from FDI and Positioning of CEECs in Times of a Global Shift in Production and Innovation

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Title: Knowledge Spillovers from FDI and Positioning of CEECs in Times of a Global Shift in Production and Innovation
A Policy Perspective
Author: Jindra, Björn; Rojec, Matija
Abstract: The paper deals with policy issues of knowledge spillovers via foreign direct investment (FDI) to help positioning CEEC economies in global shift in production and innovation. CEEC economies successfully attracted some FDI in R&D. However, considerable misalignment between domestic and foreign technological accumulation exists. This is partly related to the heterogeneity of foreign subsidiaries but even more so to weak performance and governance of national innovation systems as well as poor coordination of FDI and policies in the field of science and technology (S&T). The paper reviews existing relevant policy areas such as linkage promotion, R&D capabilities and technological linkages, horizontal policies, training incentives, as well as industrial, technological and science parks. The paper argues that an increased policy focus on technological aspects would not only improve the potential for technological spillovers from FDI but also the absorption capability of domestic firms. A way forward is to coordinate FDI policy better with R&D, innovation, and regional policy instruments. In this case, CEEC economies can use FDI as means to realign their national innovation systems with global knowledge creation and diffusion.
URI: http://hdl.handle.net/10398/9231
Date: 2015-11-30
Notes: This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement no 290657.

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