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Overseas Funding for Industrial R&D in the United Kingdom

  • Paul Stoneman
Part of the British Association for the Advancement of Science book series

Abstract

Discussions of R&D in the United Kingdom usually centre upon the inadequacy of total expenditure relative to that in other competing nations. A phenomenon that appears to have merited much less discussion is that highlighted in Table 8.1. Over the period since 1976, the data on the sources of funding for R&D in the UK industrial sector have as their most noticeable feature a dramatic increase in the percentage of this total funding that comes from overseas. In this chapter I explore this phenomenon in more detail and attempt to address two basic questions: why is the percentage of UK industrial R&D financed from overseas relatively large and what are the costs and benefits of this?

Keywords

Electronic Equipment Domestic Firm Brain Drain Transnational Corporation Replacement Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Behrman, J. and W. Fischer (1980) Overseas R&D Activities of Transnational Companies (Cambridge, Mass: Oelgeschlager, Gunn & Hain).Google Scholar
  2. Cabinet Office (1988) Annual Review of Government Funded R&D, 1988 (London: HMSO).Google Scholar
  3. Dicken, P. (1986) Global Shift (London: Harper & Row).Google Scholar
  4. Hood, N. and S. Young (1982) ‘US multinational R&D: corporate strategies and policy implications for the UK’, Multinational Business, 2, pp. 10–23.Google Scholar
  5. Taggard, J.H. (1989) ‘The Pharmaceutical Industry: Sending R&D Abroad’. Multinational Business, 1, pp10–15.Google Scholar

Copyright information

© The British Association for the Advancement of Science 1991

Authors and Affiliations

  • Paul Stoneman

There are no affiliations available

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