The final report of the Riksbankens Jubileumsfond project titled  TFDI by Emerging Multinationals in Europe is now available.

The report  investigates the consequences of investments in Europe by emerging multinationals from Brazil, China and India.


Cristina Chamindade, CIRCLE will present the final report of the Riksbankens Jubileumsfond project on “Technology driven FDI in Europe by Emerging Multinationals” on March 4th, 2015, in Brussels.

The report investigates the consequences of investments in Europe by emerging multinationals from Brazil, China and India.

The event will be introduced by Göran Blomqvist, Director of the Riksbankens Jubileumsfund which has funded the 3 year project. The presentation will be followed by a round table discussion with Marjut Hannonen (European Commission, DG Trade), Florent Bernard (European Commission, DG Research and Innovation), Reinhilde Veugelers (think tank Bruegel)  and Michael Ter-Berg ( EUBusiness) .

Invitation to the Workshop

report ciby Cristina Chaminade, Davide Castellani, and Monica Plechero

This report aims at understanding the changes in the global geography of innovation and to discuss the challenges and opportunities that emerge from the changing global innovation landscape. In particular, our focus is on two countries China and India as they are the two new and leading innovation powerhouses. They are emerging among the main destinations for R&D-related offshoring investments worldwide, and as well as important partners in R&D collaboration projects for both large and small firms.

The report is structured as follows.

First we provide an overview of the global shifts in innovation, providing evidence of changes in the geography, strategy, nature of the innovation activities performed abroad and the actors engaging in global innovation.Two key questions are posed: What is the extent and scope of the changes in the geography of innovation worldwide? What is different now from a decade ago?

Second, we will analyse the impact of the shift in global innovative activities by looking at the effect of R&D offshoring projects of European firms on the productivity growth in the home regions, and the effect of global research collaboration on the degree of novelty. We confront the puzzle of whether the offshoring of R&D contributes to strengthening EU countries, by increasing the productivity of EU regions, or, rather if this process is causing a hollowing out of the EU knowledge base. This complex issue bears obvious far reaching implications for policy, inasmuch there should be reasons to fear for a loss of competences due to the global shift in innovative activities. To anticipate, while our analysis will provide reassuring answers on this matter, it will draw out the difference between the impact of R&D offshoring towards India from those stemming from moving R&D to China and South-East Asia.

Please download it here

Cornell University, INSEAD and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations) co-publish The Global Innovation Index (GII), now in its sixth edition. The GII recognizes the key role of innovation as a driver of economic growth and prosperity and acknowledges the need for a broad horizontal vision of innovation that is applicable to both developed and emerging economies, with the inclusion of indicators that go beyond the traditional measures of innovation (such as the level of research and development in a given country). The GII has evolved into a valuable benchmarking tool to facilitate public-private dialogue, whereby policymakers, business leaders and other stakeholders can evaluate progress on a continual basis.

Please download here

The CIRCLE Annual Report for 2012 is ready for download: CIRCLE Annual Report 2012 (PDF). The report includes an overview of the research, education and third task activities carried out at CIRCLE during 2012, existing and newly acquired expertise, new appointments, new and on-going projects and the research production and productivity during the last year. A paper version will be available soon upon request. Enjoy reading and browsing through the report!

Policy initiatives to reverse the declining role of industry in Europe – European economic policy is facing important challenges that have been accentuated by the continuing economic crisis: globalisation, demographic change, an increased speed of innovation and technological development, post-industrialisation as well as a scarcity of resources and ecological aspects. Against this background the European Commission has launched initiatives targeted at economic growth and employment which are based on innovation, sustainability and the support of a strong, diversified and competitive industrial base. In its core, the renewed industrial strategy outlined in these Communications and most recently in the New Industrial Policy Communication Update, seeks to reverse the declining role of industry in Europe.

The key factor is innovation, which increasingly involves more complex and cross-border processes Spurring investments into R&D and innovation clearly is the most important key to stimulate the growth of high-performing and competitive firms. Even more so, as catching-up countries are upgrading products and moving into more complex and more sophisticated markets as well. At the same time the nature of innovation is changing. Due to the growing complexity of technologies, the generation of innovations increasingly requires knowledge from various technology fields which is not sufficiently available within a company because each firm has its specific core competencies and specialisation pattern and it may be increasingly attractive to get access to technological knowledge from other companies. (excerpted from the background on the report)

Download here 

cover photo eu commissionThis is a new study on the internationalisation of business investments in R&D and their economic impact by AIT Austrian Institute of Technology and the Vienna Institute for International Economic Studies – wiiw. The study investigates the size and spatial patterns of R&D expenditure of foreign-owned firms in the European Union and a number of other countries, analyses the drivers and impacts of R&D internationalisation on home and host countries, and discusses the most pressing data needs. The study has been commissioned by the European Commission, DG Research and Innovation. The final report, a summary of the study, and country studies for all EU member states and a number of non-EU countries can be found here:

Information Economy Report 2012“The Information Economy Report 2012 provides an in-depth analysis of software industry development in developing coutnries. It underlines the importance of focusing not only on the export opportunities offered by the sector, but also on domestic needs. Using new data, it makes a fresh assessment of the software performance of different countries, highlights key drivers in the evolving software landscape, reviews selected country cases and proposes concrete recommendations to policy makers in developing countries.” — Ban Ki-moon (Secretary-General, United Nations) (excerpt from preface of this report)

Download full report here: IER 2012_en

“..Each year, this global researcher survey reveals or confirms interesting trends. Among them in 2012 is the increasing importance of R&D collaboration at all scales. From new mechanisms for open innovation in life science, to multi-national collaborations like the ITER fusion energy experiment, it is clear that collaboration has become a preferred strategy for major science and technology projects. Globalization trends remain strong, with investment, research capabilities, and commercialization migrating to optimal locations, and new countries entering the mix of those committed to R&D as a national strategy.” (an excerpt from this publication of Batelle)

Download report: 2012_global_forecast

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