Multinationals And The Globalization Of Technology Development

One of the most profound changes facing the world today is that the comparative advantages once enjoyed by Triad multinationals are shifting to the emerging economies and, increasingly, to emerging economy multinationals. That is where managers and analysts see growth as the fastest in markets, technological capabilities, and science and technology human resources. Today's globalization is not just following the historical trajectory where firms from the Triad nations (US, Western Europe, and Japan) shed low-end work while moving up the value chain.