It has long been conventional to distinguish between invention (the idea creating a new product or process) and innovation (the application of the idea in a commercial setting). The process of commercialising technology is now seen as a much more complicated process, involving technical feasibility testing, commercial development and design as well as other issues. Technological development is a continuous, dynamic process and constant reinvestment in updating technology is essential.


Foreign Direct Investment Host Country Technology Transfer Multinational Enterprise Multinational Firm 
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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Copyright information

© Peter J. Buckley, Jaime Campos, Hafiz Mirza and the estate of Eduardo White 1997

Authors and Affiliations

  • Peter J. Buckley
  • Hafiz Mirza

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