Authors: Yunus A. Çengel
Addresses: Department of Mechanical Engineering, University of Nevada, Reno, Reno, NV 89557, USA
Abstract: In the rapidly changing and competitive global environment, it is inevitable for the definition of domestic product or firm to undergo a fundamental change. The most domestic or national product of a country is one that is made by a company belonging to that country and provides the highest benefit to the people of that country regardless of the ratio of the domestic parts used and the country in which it is developed or manufactured. Likewise, the most domestic or national company is the one that belongs to that country and provides the highest benefit to the people of that country regardless of the ratio of the domestic parts it uses and the country where the manufacturing plants and research centres are established. The benefits provided to the people covers a wide range from increasing the gross domestic product to know-how development, from decreasing the current account deficit to contribution to the innovation ecosystem, and even overjoying the people with national pride as the world leader in a product or technology, like world championship in football.
Keywords: innovation; globalisation; domestic goods; global cooperation; protectionism; national product; national firm; research; commercialisation; manufacturing; paradigm shift.
International Journal of Research, Innovation and Commercialisation, 2017 Vol.1 No.2, pp.171 - 190
Available online: 06 Apr 2018 *Full-text access for editors Access for subscribers Purchase this article Comment on this article