Egan's discourse fluently integrates ideas from political economy, international business, economics, and development. Here is an articulate treatise on the pitfalls and opportunities for emerging economies that seek to leverage multinational corporations to advance and sustain their economic growth. A must-read for policy makers and academics everywhere.

This book is a major contribution to the literature on the role of foreign direct investment (FDI) in development. Globalizing Innovation goes beyond prevailing views to show that attracting FDI alone is not enough to provide a significant positive impact in developing countries; the governments of these countries themselves need to take steps to ensure that this FDI promotes local innovation. Scholars and policymakers alike will benefit from Patrick Egan's insights into how governments can partner with foreign firms in ways that maximize prospects for local innovation and sustainable economic development.

Egan provides a fresh insight into how politics affects the strategies of multinational firms to transfer technology and spur innovation in developing countries. The result is an important study that will be of interest to academics and practitioners interested in the impact of globalization on economic development.

Patrick J. W. Egan is Assistant Professor of Political Science at Tulane University.