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There is growing evidence that the globalisation of formerly separate economic and industrial systems is now underway. Its origins lie with the rapid growth in world trade since the 1950s and the spread of foreign direct investment, led by the United States, in the 1960s. However, it has only been in the late 1980s that a whole set of internationalisation processes have integrated in a more systematic fashion covering a whole set of parameters including cross-country investment, production, marketing, trade and more general inter-firm alliances and collaboration. Research and technological innovation has not only been part of this globalisation process but also a stimulus to it.

Additional information

Authors: HOWELLS J, University of Newcastle-upon-Tyne (GB);WOOD M, University of Newcastle-upon-Tyne (GB)
Bibliographic Reference: Article: Euro abstracts, Vol. 32 (1994) No. 4, pp. 233-239
Record Number: 199510390 / Last updated on: 1995-03-16
Original language: en
Available languages: en
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