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How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry

Vernon's product cycle thesis has increasingly been questioned as industries experienced differentiation and dispersal of production stages, while the need for proximity for interactions to take place between scientists and engineers, and consumers ended following the introduction of computeris...

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Main Authors: Rasiah, Rajah, Yap, Xiao Shan
Format: Article
Published: Inderscience 2019
Subjects:
T Technology (General)
Online Access:http://eprints.um.edu.my/23673/
https://doi.org/10.1504/IJTLID.2019.097435
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spelling my.um.eprints.236732020-02-05T03:45:33Z http://eprints.um.edu.my/23673/ How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry Rasiah, Rajah Yap, Xiao Shan T Technology (General) Vernon's product cycle thesis has increasingly been questioned as industries experienced differentiation and dispersal of production stages, while the need for proximity for interactions to take place between scientists and engineers, and consumers ended following the introduction of computerised inventory and production, and planning systems. This paper re-examines this thesis using the integrated circuits (IC) industry. The results show that IC multi-nationals have continued to retain frontier R&D and wafer fabrication activities at locations endowed with strong human capital and research centers. However, IC firms are attracted to relocate frontier R&D activities in distant host-sites, such as USA, Japan, Spain, Germany, Russia and Israel that are endowed with sophisticated science, technology and innovation infrastructure, and scientists and engineers. Also, IC manufacturing is too knowledge-intensive to be attracted to the least developed countries. Copyright © 2019 Inderscience Enterprises Ltd. Inderscience 2019 Article PeerReviewed Rasiah, Rajah and Yap, Xiao Shan (2019) How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry. International Journal of Technological Learning, Innovation and Development, 11 (1). pp. 56-77. ISSN 1753-1942 https://doi.org/10.1504/IJTLID.2019.097435 doi:10.1504/IJTLID.2019.097435
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic T Technology (General)
spellingShingle T Technology (General)
Rasiah, Rajah
Yap, Xiao Shan
How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry
description Vernon's product cycle thesis has increasingly been questioned as industries experienced differentiation and dispersal of production stages, while the need for proximity for interactions to take place between scientists and engineers, and consumers ended following the introduction of computerised inventory and production, and planning systems. This paper re-examines this thesis using the integrated circuits (IC) industry. The results show that IC multi-nationals have continued to retain frontier R&D and wafer fabrication activities at locations endowed with strong human capital and research centers. However, IC firms are attracted to relocate frontier R&D activities in distant host-sites, such as USA, Japan, Spain, Germany, Russia and Israel that are endowed with sophisticated science, technology and innovation infrastructure, and scientists and engineers. Also, IC manufacturing is too knowledge-intensive to be attracted to the least developed countries. Copyright © 2019 Inderscience Enterprises Ltd.
format Article
author Rasiah, Rajah
Yap, Xiao Shan
author_facet Rasiah, Rajah
Yap, Xiao Shan
author_sort Rasiah, Rajah
title How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry
title_short How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry
title_full How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry
title_fullStr How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry
title_full_unstemmed How much of Raymond Vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry
title_sort how much of raymond vernon's product cycle thesis is still relevant today: evidence from the integrated circuits industry
publisher Inderscience
publishDate 2019
url http://eprints.um.edu.my/23673/
https://doi.org/10.1504/IJTLID.2019.097435
_version_ 1662755163602944000
score 13.211869

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