New Perspectives on the Modern Corporation series
Edited by Bernhard Dachs, Robert Stehrer and Georg Zahradnik
Chapter 5: R & D Internationalisation in Belgium, the Czech Republic and Switzerland
This chapter takes a closer look at of R & D internationalisation in three countries: Belgium, the Czech Republic and Switzerland. All three are small open economies in Europe with a considerable share of exports and inward foreign direct investment; the previous chapter has shown that this type of country benefited most from R & D internationalisation since the year 2000. Belgium and the Czech Republic are indeed among the most internationalised countries in the world in terms of inward BERD; foreign-owned firms account for more than 50 percent on total business R & D in these countries. Switzerland, in addition, is also home to a number of large multinational firms which have generated considerable outward BERD in recent years. For all three countries, we will examine in detail the development of inward BERD over time, its sectoral distribution, the countries of origins of inward BERD, and the development of outward BERD if available.
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