There is ambiguity as to what counts as appropriate technology. According to Morawetz (1974), ‘Appropriate technology may be defined as the set of techniques which make optimum use of available resources in a given environment. For each process or project, it is the technology which maximises social welfare if factor prices are shadow priced.’
KeywordsPoor Country Advanced Country Alternative Technology Underdeveloped Country Shadow Prex
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- 12.B. Creamer, Dobrovolsky and Borenstein, quoted in Stigler (1963), p. 121.Google Scholar