R&D Investment of Multinational Corporations and China's Independent Innovation

China has attracted a huge amount of investment in R&D internationalization of multi-national corporations (MNCs), investment that is playing an important role in its economy. Constrained by natural resources, China has to attach more importance to technological progress and indigenous innovation in order to go beyond the old economic growth model. Technology seems inaccessible to the outsiders, which prevents others from research in a comprehensive and systematic manner. In this book, technology is regarded as a factor of production that is allocated by MNCs across the world to maximize profit. Such a rational economic behavior serves as our entry point to enrich existing theoretical achievements on R&D internationalization by illustrating on the tradeof technology--