Abstract
Drawing on firm-level econometric analyses, enterprise surveys, and case studies, this article reviews the evidence on international technology transfer taking place through flows of foreign direct investment (FDI). It summarizes arguments for why FDI can transmit knowledge across international borders, presents evidence on knowledge transfer from headquarters to foreign affiliates of multinational companies, and discusses the literature on intra-industry, inter-industry, and exporting spillovers. The article concludes that FDI is an important channel for transmitting technologies and know-how across countries, and discusses some policy recommendations.
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