Pt. 1. New perspectives in international competitiveness. Multinational corporations and innovatory activities: towards a new, evolutionary approach / John Cantwell -- Localised creation of global technological advantage / Pari Patel and Keith Pavitt -- World oligopoly, rivalry between "global" firms and global corporate competitiveness / François Chesnais -- Market failure and technological policy / Jorge M. Katz -- International process and forms of market penetration: a dynamic proposal / José A. Alonso. Pt. 2. Experiences from Europe and Latin America. Technological innovation and international competitiveness in Italy / Franco Malerba and Luigi Orsenigo -- Innovation in Portuguese manufacturing industry / Vitor Corado Simoes -- Factors in the siting and commercial behaviour of multinational companies in Spain / Joseé Molero, Mikel Buesa and Montserrat Casado -- The TNCs's changing investment strategies in the Latin American manufacturing sector / Daniel Chudnovsky. Technological innovation and international competitiveness in Italy / Franco Malerba and Luigi Orsenigo -- Innovation in Portuguese manufacturing industry / Vitor Corado Simoes -- Factors in the siting and commercial behaviour of multinational companies in Spain / José Molero, Mikel Buesa and Montserrat Casado -- The TNCs's changing investment strategies in the Latin American manufacturing sector / Daniel Chudnovsky.