The future contractual basis for technology transfer
A major theme of this book is that there is considerable scope for substituting licensing for FDI. It is not claimed that licensing can be a perfect substitute for FDI, either now or in the foreseeable future. Rather there is a margin at which the costs and benefits of licensing versus FDI are equalised, and on social criteria this margin is more favourable to licensing than present practices would suggest.
KeywordsHost Country Technology Transfer Comparative Advantage Price Discrimination Source Country
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6. The Future Contractual Basis for Technology Transfer
- 2.See for example P. Streeten, ‘New approaches to private investment in less developed countries’, in J. H. Dunning (ed.), International Investment, Harmondsworth, 1972.Google Scholar