Abstract
The article analyses main stages in the internationalization of innovation activity undertaken by transnational companies and offers a generalization of approaches to its various forms. The analysis of the process of R&D internationalization was carried out based on the roles of subsidiaries in the general structure (network) of TNCs. The study of the evolution of innovation processes was performed in the context of behavioral types and roles of subsidiaries within the TNC networks and the host country environments. The analysis was focused on the main types of local and global linkages in the context of scientific and technical cooperation, with particular attention paid to TNC subsidiaries with a global role in research and development. The findings exposed the impact of TNCs’ internationalization of innovations upon host countries, revealed major tendencies in global knowledge spillovers, and corroborated the significance of linkages between structural units of TNCs and their partners in the host countries.
Highlights
The article analyses main stages in the internationalization of innovation activity undertaken by transnational companies and offers a generalization of approaches to its various forms
The modern world economy is characterized by the emergence of a global model of economic development
Recent research on the drivers of internationalization of corporate innovations revealed that international R&D is a rather heterogeneous process, whereby national companies and affiliated industries play an important and sometimes decisive role in decision-making relating to internationalization of innovations
Summary
The article analyses main stages in the internationalization of innovation activity undertaken by transnational companies and offers a generalization of approaches to its various forms. The analysis was focused on the main types of local and global linkages in the context of scientific and technical cooperation, with particular attention paid to TNC subsidiaries with a global role in research and development. Different forms of internationalization influence technological and innovation potential of countries, producing synergetic effects from scientific research for generation of new knowledge creation. Given gradual exhaustion of natural resources, it becomes ever more necessary to intensify the use of the existing knowledge stock. This is true for scientific and technological knowledge, which can increase the efficiency of production. The objective of this article is to provide theoretical substantiation for the internationalization of innovation activity by TNCs and to subsequently identify its modern tendencies and peculiarities
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