In this book Rajneesh Narula examines the interdependence of globalization and technological innovation at two levels: first, between locations, by examining the role of cross-border initiatives in the innovation process; second, between corporate entities, by studying the dynamics of inter-firm R&D collaboration.

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• Examines the international aspect of the interdependence of globalization and technology.
  
• Explores the role of cross-border interdependence in the innovation process, as well as interdependence between firms.
  
• Reveals an interesting paradox: locations and firms are increasingly interdependent through supranational organisations and the flow of investments, technologies, ideas, and people; but knowledge creation suffers from ‘inertia’ and remains concentrated in a few locations.
  
• Draws on a wide variety of data at the firm and national level in the sphere of R&D and technological innovation.
  
• Spells out important lessons for both policy makers and managers on industrial policy as well as the organisation of research and development by firms.

Rajneesh Narula is Professor at the Department of International Economics and Management at the Copenhagen Business School and TIK Centre, University of Oslo.