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Executive Summary
Pages 1-4

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From page 1...
... Respondents to the survey were high-level R&D personnel of companies who had been involved with R&D location decisions. The majority of companies responding have home offices in the United States or Western Europe.
From page 2...
... The implication of this is that although cost, net of tax breaks, is high in developed countries, these economies can still have a comparative advantage in R&D because of the quality of personnel, particularly given the intellectual property environment. Other striking results concern the ways in which companies protect and capitalize on intellectual property as well as the types of R&D they conduct in various locations.
From page 3...
... In addition, there was more relocation within the home country than toward other countries.1 1Note that these results cover only the facilities discussed. If facilities not discussed had different characteristics and constituted a high proportion of the total for the sample companies, this would alter the results.

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