Outsourcing Transforms Innovation Landscape, Reshaping Global Economic Dynamics
The article discusses how outsourcing is growing in industrial countries to improve efficiency and specialization, especially in the electronics sector. This trend has expanded to many other industries, sparking debates on the pros and cons of splitting up production. The study looks at the effects of outsourcing on innovation networks and explores why this approach has become popular. The researchers use a model that assumes R&D is always outsourced, building on previous models to better understand this trend.