Zmiany charakteru i determinant aktywności korporacji transnarodowych w gospodarkach rozwijających się
Transnational corporations and foreign direct investments in knowledge based sectors

Summary/Abstract: In the twenty-first century, important changes can be observed in the structure of innovation activities conducted by transnational corporations (TNCs). TNCs are increasingly investing abroad in sectors based on human capital. This process, which can be called delocalisation of innovation activity, includes research and development (R&D). The paper aims to identify the most attractive geographical locations for knowledge-intensive foreign investments and investigate the factors which determine the attractiveness of these areas for business investment. The research is based on the analysis of data from the literature on the subject, including the Global Services Location Index™ 2016 [Kearney, 2016]. The author also discusses the general implications of the current state of global research and investment activity structure for the economic policy of host countries. The study reveals that the current trends in relocating business processes can accelerate the economic growth of developing countries (especially in Asia). This is mainly because of the fact that foreign investments utilize and develop local human capital. Another finding of the paper is that the quality structure and the costs of human capital are the key factors which influence the choice of location for investments in R&D and business services.

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