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

Chapter

Abstract

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

Keywords

Machine Tool Capital Good Domestic Firm Electrical Equipment License Agreement 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 2.
    N. Rosenberg, Perspectives on Technology ( Cambridge: Cambridge University Press, 1976 ) p. 164.CrossRefGoogle Scholar
  2. 3.
    See M. Merhav, Technological Dependence, Monopoly and Growth ( Oxford: Pergamon Press, 1968 ) p. 30.Google Scholar
  3. 10.
    See Bank of Korea, Monthly Economic Statistics, no. 12 (1981) p. 105.Google Scholar
  4. 12.
    See United Nations, Monthly Bulletin of Statistics, New York (May 1982) special table A.Google Scholar
  5. 31.
    See F. Stewart, Technology and Underdevelopment (London: Macmillan, 1977) ch. 6, for an excellent discussion of the issue.CrossRefGoogle Scholar
  6. 32.
    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
  7. 38.
    See A. Amsden and L. Kim, ‘Korea’s Technology Exports’ (World Bank, 1982) (mimeo).Google Scholar
  8. 40.
    See L. Westphal, ‘Empirical Justification for Infant Industry Protection’, World Bank Staff Working Paper No. 445 (1981).Google Scholar
  9. 41.
    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
  10. 67.
    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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