In this report to the Government-University-Industry Research Roundtable, authors Jerry Thursby and Marie Thursby summarize their research on the globalization of corporate R&D. The authors surveyed 200 multinational companies about recent and future R&D location decisions, and the factors influencing those decisions. The survey confirms that China and India are primary targets of R&D expansion, but this trend does not yet portend a "hollowing out" of R&D capability in the United States. R&D location decisions are complex and driven by a variety of factors, including the potential for market growth, the quality of R&D personnel, and the environment for collaborating with universities. The cost of research, while important, is not the primary factor in siting decisions.
National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 2006. Here or There?: A Survey of Factors in Multinational R&D Location -- Report to the Government-University-Industry Research Roundtable. Washington, DC: The National Academies Press. https://doi.org/10.17226/11675.
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