The Entry into the Design and Production of Complex Capital Goods: The Experiences of Brazil, India and South Korea



The manufacture of capital goods, and particularly of industrial machinery, has been a fundamental instrument in generating and diffusing technological innovations. For this reason, it has been argued that ‘creating a capital goods industry is, in effect, a major way of institutionalizing internal pressures for the adoption of new technology’.2


Machine Tool Capital Good Domestic Firm Electrical Equipment License Agreement 
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  1. 2.
    N. Rosenberg, Perspectives on Technology ( Cambridge: Cambridge University Press, 1976 ) p. 164.CrossRefGoogle Scholar
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    See M. Merhav, Technological Dependence, Monopoly and Growth ( Oxford: Pergamon Press, 1968 ) p. 30.Google Scholar
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    See Bank of Korea, Monthly Economic Statistics, no. 12 (1981) p. 105.Google Scholar
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    See United Nations, Monthly Bulletin of Statistics, New York (May 1982) special table A.Google Scholar
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    See F. Stewart, Technology and Underdevelopment (London: Macmillan, 1977) ch. 6, for an excellent discussion of the issue.CrossRefGoogle Scholar
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    See J. M. Bhagwati and T. N. Srinivasan, Foreign Trade Regimes and Economic Development: India (National Bureau of Economic Research, New York, 1975) ch. 2).Google Scholar
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    See A. Amsden and L. Kim, ‘Korea’s Technology Exports’ (World Bank, 1982) (mimeo).Google Scholar
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    See L. Westphal, ‘Empirical Justification for Infant Industry Protection’, World Bank Staff Working Paper No. 445 (1981).Google Scholar
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    See Leroy, P. Jones and Il Sakong, Government, Business and Entrepreneurship in Economic Development: the Korean Case (Cambridge, Mass: Harvard University Press, 1980) ch. 8.Google Scholar
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    See M. R. Bhagavan, ‘Technological Innovations in Indian Industry’, Seminar, no. 258 ( February 1981, New Delhi) for similar conclusions covering innovations in the machine tool and electrical equipment industries in India.Google Scholar

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© Martin Fransman 1986

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