This paper will firstly analyse the importance of R&D, its global dimension and its future trends. Furthermore, the emphasis by nations put on investment in knowledge will be explained. The second part then outlines the main economic theories concerning innovation and knowledge creation. Finally, Germany and its pharmaceutical industry will be taken as an example to illustrate the dimensions of investment in R&D and its outcomes.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Research and Development & Knowledge Creation
- Economic Theories
- Germany and the pharmaceutical industry
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper analyzes the significance of research and development (R&D) in a global context, exploring its future trends and the emphasis nations place on knowledge investment. It then outlines major economic theories related to innovation and knowledge creation. Finally, the paper utilizes Germany's pharmaceutical industry as an example to illustrate the dimensions of R&D investment and its outcomes.
- The role and importance of R&D in global trade and competition
- Economic theories related to innovation and knowledge creation
- The relationship between R&D investment and national competitiveness
- The pharmaceutical industry as a case study of R&D investment
- The impact of R&D on economic growth and development
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the topic of international trade and finance, highlighting its importance in the global economy. It discusses the role of R&D in enhancing competitiveness and creating value, while exploring the dynamics of intra-industry trade and its impact on global trade patterns.
- Research and Development & Knowledge Creation: This chapter defines R&D and its significance in today's business environment, emphasizing the rapid technological changes and the need for companies to constantly innovate. It delves into the concept of knowledge creation and how firms can leverage their own knowledge and collaborate with others to enhance their capabilities.
- Economic Theories: This chapter outlines major economic theories concerning innovation and knowledge creation. It delves into the complexities of improving quality compared to increasing product variety, examining the economic factors driving R&D investment and its impact on profitability.
- Germany and the pharmaceutical industry: This chapter focuses on Germany's pharmaceutical industry as a case study of R&D investment. It explores the dimensions of R&D investment in the industry and its contribution to national economic development.
Schlüsselwörter (Keywords)
International Trade, Finance, Research and Development (R&D), Knowledge Creation, Innovation, Economic Theories, Global Competition, Intra-Industry Trade, Pharmaceutical Industry, Germany, Competitive Advantage.
- Quote paper
- Miriam Mennen (Author), 2006, International Trade and Finance - Pharmaceutical Industry in Germany, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/145357
