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Inflows of Foreign Technology and Indigenous Technological Development
Author(s) -
Pack Howard,
Saggi Kamal
Publication year - 1997
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/1467-9361.00007
Subject(s) - technology transfer , foreign direct investment , salient , indigenous , developing country , economics , technological change , work (physics) , yield (engineering) , technology development , international economics , international trade , economic growth , macroeconomics , political science , engineering , metallurgy , law , mechanical engineering , ecology , materials science , biology , manufacturing engineering
This paper explores the effects of inflows of foreign technology on technological development in developing countries. It evaluates the existing literature exploring this issue and indicates directions for further research. In particular, it is argued that the implications of the theory of foreign direct investment (the dominant channel of international technology transfer) for technological development have not been fully explored. Dynamic analyses of technology transfer that accommodate the salient features of developing countries have also begun to appear only recently. Further work along these lines is likely to yield rich dividends.