 They argued that multinationals shared technologies between parent firms and subsidiaries, and between one subsidiary and another, thereby transferring technologies to countries that did not have the resources to develop them themselves.The Reading School accepts that high-technology firms may possess a degree of monopoly power, but it argues, following Joseph Schumpeter, that monopoly profits can reward innovation.The Reading School approach argues that under certain conditions it is best for society to allow multinationals to decide for themselves whether to retain control of their technologies through foreign investment or to partner with local firms instead.