| Sumario: | The relationship between the import of technology and indigenous investments in technology development has long been the subject of policy debate and concern in developing countries. It is evident that the two complement each other to a large extent, and also that in certain respects they can substitute for each other. This paper considers technology transfer mainly in the form of foreign direct investment, and assesses the contribution that this makes to technological development. The issues assume particular significance today because of the growing pressures on developing countries to 'adjust' their economies, to remove, in other words, interventions that have been commonly practised on trade, foreign investment and other modes of technology transfer.
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