Author : Arindam Banik
Release : 2014
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Kind : eBook
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Book Synopsis Technology Transfer in the Caribbean by : Arindam Banik

Download or read book Technology Transfer in the Caribbean written by Arindam Banik. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: The balance between local and foreign sources of technology is closely entwined. Likewise, foreign channels are an essential feature of fast catch-up growth. The firms would have to develop strong marketing capabilities and invest heavily in creating brand images acceptable to worldwide consumers. Similarly, they would have to create a strong research culture within their companies and considerably increase their investments in basic and applied research to generate significant new innovations. The Caribbean cases reveal the careful and strategic selection of firms that explain that the privileges granted were not wasted or abused. Indeed the privileges were cannot be the sole reason for a company locating in a particular jurisdiction, but instead need to form part of a raft of reasons which must include the ability of the host country to assimilate the technology provided. Their choices also at times reflected strategic rather than economic priorities.