This article addresses the under-researched issue of how local firms in merging markets can counter the threat posed by the entry of multinational corporations (MNCs). Prior literature on this topic argues that the appropriate strategy for a local firm is dependent on its industry...

Innovation productivity differs across economies and latecomer countries are working hard to close the gap with developed countries. An investigation of 80 countries in the years of 1981–2010 shows that international patenting activities vary across countries. We also find that both high-tech...