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APEC survey
Reasons for locating R&D facilities
21 industries, who responded to the APEC-IST survey conducted in 1999, are based in Hong Kong, Canada, Japan, New Zealand and US. They are mining, food and electronics industry.
The following are the top 11 reasons indicated for locating R&D in Australia:
- Close to market or customers
- Establish an integrated system ranging from R & D to production & sales
- Availability of advanced or alternate technology
- Establish a regional R & D base in this economy
- Corporate guidelines or directives
- Apply parent company's product, equipment and technology in this economy
- Scan overseas technologies and markets
- Exchanging R & D results with foreign subsidiaries
- Explore new avenues
- Utilize local R&D manpower /skills
- R&D support for manufacturing facility and servicing customers
During discussions, the following remarks were added as reasons for selecting Australia:
- Asian environment in Australia to test products for Asian market
- Promotional mechanism in place
- Australia is a beautiful economy
- Huge market potential
- Australia is a resource rich economy.
Factors affecting R&D internationalization
21 industries, who responded to the APEC-IST survey conducted in 1999, are based in Hong Kong, Canada, Japan, New Zealand and US. They are mining, food and electronics industry.
The following 14 factors are identified as encouraging R&D internationalization:
- Availability of management personnel
- Special tax and other tariff concessions for new enterprises
- Technology / knowledge transfer
- Language and verbal communication
- Enforcement of laws and regulations when applied to foreign enterprise
- Protection of patents, copyrights and trademarks
- An investment center assisting foreign investors
- Recruiting well qualified local talents
- Tendency to establish and promote government-owned companies which compete with private enterprise
- Financial and other incentives for local and overseas investment
- Labor turnover
- Foreign ownership and control
- Treatment before the law with respect to such matters as property rights, contract enforcement, and right of redress
- Power facilities
- Housing, recreation and shopping facilities
- Health and sanitary facilities
The following 7 factors are identified as discouraging R&D internationalization:
- Income tax and other taxes for enterprises
- Social security legislation
- Export/ Import regulations
- Price controls or limitations on profits
- Restrictions of foreign investments to certain fields
- Ownership or occupation of land by foreign entities
- Insistence on local equity participation
Co-operation and competition with other players
21 industries, who responded to the APEC-IST survey conducted in 1999, are based in Hong Kong, Canada, Japan, New Zealand and US. They are mining, food and electronics industry.
Significant co-operation was reported on:
- contracting out some of manufacturing and assembling to local suppliers
- giving technical advice to local suppliers and
- licensing technology to foreign companies
One third of the respondents indicated some collaboration projects with local companies and some indication of co-operative work with government labs.
On factors for collaboration, quality, legal support and technological skills receive positive scores. There is some concern about creation of future rivals.
The Sydney Olympic Games
The awarding of the 2000 Olympic Games to Sydney has already had a significant economic impact on Australia and will continue to do for several years to come. Some of the impacts are direct, such as the construction of venues and other facilities prior to the Games, the sale of television broadcast rights during the Games, and the movement of athletes and tourists to participate in or watch the Games. Other impacts are indirect, such as the international tourism that is generated for Australia from the promotional aspects associated with the media coverage that Sydney and Australia receive through hosting the 2000 Games.