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Importation and Local Generation of Technology by the Third World: An Institutionalist Perspective

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Development Economics: Theory, Practice, and Prospects

Part of the book series: Recent Economic Thought Series ((RETH,volume 16))

Abstract

Following the second World War, the economic development of less developed countries (LDCs) 1 came into its own as a distinct subdiscipline of economics. For most of that period the technological dimension of development was dominated by the issue of transferring technology from wealthy, industrial nations to the third world. Early optimism was transformed into a more sober attitude as it became apparent that establishing sustained socioeconomic development in developing countries was far less facilely achieved than economic recovery in war-torn Europe. The size and rate of increases in LDCs’ payments for technology imports became cause for concern. Having grown from around U.S. $300 million in 1965, and topping U.S. $1 billion in 1975, such outlays were predicted to reach U.S. $4 to 6 billion by 1985 (Janiszewski, 1981).

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  1. Department of Economics, University of Houston, USA

    Thomas R. DeGregori

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James, D.D. (1989). Importation and Local Generation of Technology by the Third World: An Institutionalist Perspective. In: DeGregori, T.R. (eds) Development Economics: Theory, Practice, and Prospects. Recent Economic Thought Series, vol 16. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1077-5_12

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