Paradoxical Dimensions of Globalization in the Biotechnology Firms' Network Systems

The debate on globalization of technological systems continues to attract arguments from the two competing perspectives. Those who see globalization contend that the dominant institutional practices of the successful actors (the leaders) are being increasingly emulated by the less successful actors (the followers). This eventually leads to the convergence of the global systems. Those who see localization contend that such is not the case because there are various capitalist systems in the global context. This paper attempts to resolve some of the paradigmatic paradox