This paper re-examines two hypotheses associated with earlier versions of the product cycle model. The first hypothesis, that innovations are almost always located in the home country of the parent company, is rejected on the basis of evidence drawn from 100 years of US Patent Office data. The second hypothesis, that the international dispersion of activity is led by technology leaders, is historically valid. However, over the last 20 years, technology leaders have been ahead instead in the globalization of technology-that is, in developing internal international networks to exploit the locationally differentiated potential of foreign centres of excellence. / 1995 Academic Press Limited.
|Original language||English (US)|
|Number of pages||20|
|Journal||Cambridge Journal of Economics|
|State||Published - Feb 1 1995|
All Science Journal Classification (ASJC) codes
- Economics and Econometrics