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Globalization and Technology Absorption : Role of Trade, FDI and Cross-Border Knowledge Flows

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dc.contributor.authorBranstetter, Lee
dc.contributor.authorGoldberg, Itzhak
dc.contributor.authorGoddard, John Gabriel
dc.contributor.authorKuriakose, Smita
dc.date.accessioned2012-08-13T10:41:22Z
dc.date.available2012-08-13T10:41:22Z
dc.date.issued2010-05
dc.description.abstractImproving the ability of Europe and Central Asia (ECA) countries to tap into the global technology pool is an important mechanism for accelerating their industrial development, worker productivity and economic growth. Trade flows, foreign direct investment (FDI), research and development (R&D), and labor mobility and training, are widely accepted as key mechanisms for knowledge absorption. Absorption requires tough decisions and large investments, as firms need to spend resources on modifying imported equipment and technologies, and reorganizing production lines and organizational structures. Case studies of privatized enterprises in Serbia highlight the important role of foreign investors in knowledge absorption, whether acquired through capital goods imports, exporting, hiring consultants and other knowledge brokers, or from licensing technology. The Serbian case studies targeted FDI based on acquisition of existing assets from the government (privatization), or from private owners, rather than 'greenfield' FDI. The analyses suggested, in general, that companies sold to domestic investors were not able to increase exports in a significant way, while comparable firms receiving FDI did much better. In addition, more significant changes in product mix and manufacturing occurred in companies bought by foreign investors. New directors were brought in from the multinational enterprises (MNE), the domestic investors' holdings, from rival companies, or promoted from within. In companies acquired by foreign investors, the comparative advantage for R&D was in the adaptation of products and machinery to local conditions, rather than in innovation.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/05/12817902/globalization-technology-absorption-role-trade-fdi-cross-border-knowledge-flows
dc.identifier.doi10.1596/10192
dc.identifier.urihttps://hdl.handle.net/10986/10192
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEurope and Central Asia Knowledge Brief; Volume No. 21
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSORPTIVE CAPACITY
dc.subjectBEHAVIORS
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCD-ROM
dc.subjectCOLLABORATION
dc.subjectCOMPETENCIES
dc.subjectDIFFUSION OF KNOWLEDGE
dc.subjectENTERPRISE SURVEYS
dc.subjectEQUIPMENT
dc.subjectEXTERNAL KNOWLEDGE
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN TRADE
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT POLICIES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCES
dc.subjectIDEAS
dc.subjectINDUSTRIAL DEVELOPMENT
dc.subjectINNOVATION
dc.subjectINNOVATION POLICY
dc.subjectINNOVATIONS
dc.subjectINTEGRATION
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTELLECTUAL PROPERTY RIGHT
dc.subjectINTERNATIONAL BEST PRACTICES
dc.subjectINTERNATIONAL COLLABORATION
dc.subjectINVENTION
dc.subjectINVENTIONS
dc.subjectKNOWLEDGE ECONOMY
dc.subjectKNOWLEDGE FLOWS
dc.subjectLEARNING
dc.subjectLICENSE
dc.subjectLICENSING
dc.subjectMANUFACTURING
dc.subjectNEW TECHNOLOGIES
dc.subjectNEW TECHNOLOGY
dc.subjectORGANIZATIONAL STRUCTURES
dc.subjectPATENTS
dc.subjectPOLICY FRAMEWORK
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCT DESIGNS
dc.subjectPRODUCT INNOVATION
dc.subjectPRODUCTIVITY
dc.subjectR&D
dc.subjectTAXONOMY
dc.subjectTRADE NETWORKS
dc.subjectWORKFORCE
dc.subjectWORLD TRADE
dc.titleGlobalization and Technology Absorption : Role of Trade, FDI and Cross-Border Knowledge Flowsen
dspace.entity.typePublication
okr.date.disclosure2010-09-30
okr.date.doiregistration2025-04-29T10:19:17.824468Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/05/12817902/globalization-technology-absorption-role-trade-fdi-cross-border-knowledge-flows
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeAgriculture
okr.globalpracticeEducation
okr.globalpracticeTransport and ICT
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid345131468030646839
okr.guid153861468029358753
okr.identifier.externaldocumentum000333038_20100930020343
okr.identifier.internaldocumentum12817902
okr.identifier.report56703
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/09/30/000333038_20100930020343/Rendered/PDF/567030BRI00Box1alization1Technology.pdfen
okr.region.administrativeEurope and Central Asia
okr.topicInformation and Communication Technologies::ICT Policy and Strategies
okr.topicAgricultural Knowledge and Information Systems
okr.topicPrivate Sector Development::E-Business
okr.topicEducation::Knowledge for Development
okr.topicMacroeconomics and Economic Growth::Knowledge Economy
okr.topicAgriculture
okr.unitPrivate/Financial Sectors Devt (ECSPF)
okr.unitOffice of the Regional Vice Pres (ECAVP)
okr.volume1 of 1
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relation.isAuthorOfPublication.latestForDiscovery7d13264e-5b0a-57fc-8bc2-40dcec43acaf
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