"This is a tour-de-force from two pioneers and leading scholars in the field of international management strategy and the role of subsidiaries of multinational enterprises and innovation. The book contains some of the authors' now classic contributions, as well as unpublished work, and an introductory and concluding chapter that puts the book's contributions into historical perspective and explores the implications ... Read moreof their analysis on economic development in a globalizing economy. It is a must read for scholars, students and practitioners interested in the strategy, structure and performance of MNEs as well as their impact on the current globalising economy. Watch out for chapters 1 and 12 for sufficient insight to warrant another book or two!" Christos Pitelis The Judge Institute; University of Cambridge "This collection provides evidence of the strategic development of MNEs from multi-domestic organisations to differentiated networks characterised by a subtle division of labour within the corporation. Focusing on MNEs' R&D activities Papanastassiou and Pearce - accompanied by their IB fellows - stage this development in the context of increasingly integrated national economies and innovation systems. A brilliant book." Bent Peterson, Strategic Management and Globalisation; Copenhagen Business School Show Less