Innovation Spaces in Asia
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Innovation Spaces in Asia

Entrepreneurs, Multinational Enterprises and Policy

Edited by Maureen McKelvey and Sharmistha Bagchi-Sen

Innovation Spaces in Asia provides insight into how and why Asia is poised to impact global innovation. Asia is undergoing rapid developments in markets, sources of technology and user preferences. A key characteristic of the book is the rich empirical understanding of the dynamic processes, involving the strategic decisions of firms and entrepreneurs with the broader socio-economic environment in terms of institutions, markets, knowledge and innovation systems. Innovation spaces are analyzed within Asian countries and firms, from Asia to the world, and from the world to Asian countries.
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Chapter 13: Foreign direct investment in R & D and the base of the pyramid: is a new space of innovation emerging in India?

Sharmistha Bagchi-Sen, Torsten Schunder and Evangelos Bourelos


This chapter addresses the role of new customers in developing innovation spaces, focusing upon base-of-the-pyramid (BOP) customers in India and the response of domestic and foreign enterprises and institutions to this group. Foreign direct investment (FDI) in research and development (R & D) from US and European companies in emerging economies are drawing an increasing amount of attention in the literature. Historically, multinational corporation’s (MNC) R & D operations with a focus on innovation were located in their home country. However, in recent years, open innovation has pushed MNCs to have global innovation networks. China and India with their large markets and success stories of their homegrown emerging multinationals in certain industries, especially information technology (IT) and pharmaceuticals, have become major destinations of FDI in R & D.

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