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http://eprints.org/relation/isVersionOf https://vuir.vu.edu.au/id/document/530 http://eprints.org/relation/isVolatileVersionOf https://vuir.vu.edu.au/id/document/530 http://eprints.org/relation/issmallThumbnailVersionOf https://vuir.vu.edu.au/id/document/530 archive 30 disk0/00/00/07/01 2008-01-23 2021-08-27 14:02:37 2008-08-19 22:42:10 article show 1 Houghton John Houghton, John submitted cses 280000 globalisation, information and communication technology (ICT), technological innovations, research and development (R&D), science and technology policy, innovation policy This paper argues that there is a new wave of globalisation, with international investment flows increasingly focussing on developing economies such as China and India, on services rather than manufacturing and, in particular, on a range of information and business services, including R&D, design and technical services. Examining some of the implications, this paper concludes that the challenge for local firms will be to participate in global production systems and take advantage of knowledge generated anywhere within the systems' value chains. The challenge for specialist research centres will be to engage the global architectural innovators and systems integrators from a distance. And the challenge for governments lies in enhancing underlying capabilities through investment in education and research, attention to the other critical factors in attracting foreign investment in domestic R&D activity, and creating the global linkages and domestic environment to support global discovery and domestic absorption. 2007-04 submitted public Minerva UNSPECIFIED FALSE FALSE