The paper examines the relation between observed technology spillovers from foreign direct investment and proxies for the complexity of MNC technology. The results suggest that advanced MNC technologies of large technology gaps alone do not constitute unsurmountable obstacles to spillovers, but...

China's impressive development since the introduction of market-oriented reforms in the late 1970s has had a considerable impact on the world economy. After a first decade and a half of cautious experiments with liberalization, markets, and internationalization, Chinese reforms accelerated in...