Outline the principal findings of Stern et al. (2000) (S. Stern, M.E. Porter & J.L.
Furman, „The determinants of national innovative capacity‟, NBER Working
Paper, No. 7876.‟), with respect to the determinants of the international location of
R&D and innovation. In the light of developments in the BRIC (Brazil, Russia, India
and China) economies, evaluate the future implications for global R&D and