three important phenomena: (1) the globalization of R&D, (2) the growing importance of software and IT to firm innovation … markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software … IT- and software-biased shift in innovation drove US MNCs abroad, and particularly drove them abroad to "new hubs" with …

Tech clusters like Silicon Valley play a central role for modern innovation, business competitiveness, and economic …

that the growth and increasing globalization of these economies might indeed have been 'finance-led.' …

and structural factors, including trade in business services and foreign direct investment (FDI), using simple descriptive … exports of business services, and a negative association with imports of business services. However, the results also show … of the services sector all have a positive association with the share of potentially offshorable "non …

Financial innovation has been both praised as the engine of growth of society and castigated for being the source of … the weakness of the economy. In this paper, we review the literature on financial innovation and highlight the … similarities and differences between financial innovation and other forms of innovation. We also propose a research agenda to …

that banks used this form of securitization to concentrate, rather than disperse, financial risks in the banking sector …