with global, national, regional and local knowledge and innovation dynamics. In the text, we stress the importance to … understand the current changes of the global and their implications for knowledge generation and innovation. Treating knowledge … as a key resource for innovation shifts the focus from the innovation itself to the process of knowledge generation …

This paper outlines a set of fundamental changes in the global economy that have altered the nature of the innovation … innovation. Against the background of a changing global economy, the purpose of the paper is to make an overview over the role … and drivers of innovation, technology and knowledge. The role of absorptive capacity and knowledge flows between economic …

and local knowledge and innovation dynamics. In particular, we highlight how the global scene is changing in the … innovation in the large urban agglomerations in the old and in new industrialized countries with their concentrations of …

(MNE) firms and concentration in specific places due to agglomerative forces. First, innovation ideas arrive at a faster … speed to firms with past experience of innovation activities and with established export market contacts. Second …, innovativeness is strongly dependent on corporate and ownership structure. Third, the returns to innovation efforts are positively …

, intermediary and innovation activities using a linear contract on patents (fixed fee plus royalty on revenues). A trader is …