Technology Transfer Trends

After the birth of the WTO in 1995, developing economies have had easier access to foreign technologies. The thrust has been towards development and transfer of technologies in new and emerging areas such as bio-technology, new materials, and drugs and pharmaceuticals. This article examines the emerging technological needs and technology transfer policies and practices in developing countries of the Asia-Pacific, with special reference to India. It also briefly discusses trends in technology-intensive exports over a period of eight years (1994-2002).
Introduction


The objectives and modes of technology transfer have undergone significant changes over the years, particularly alter the birth of the WTO in 1995, depending on the stages of development of various countries. The Republic of Korea, Taiwan, Singapore and Hong Kong were among the earlier countries that started opening up their economies and adopted market-driven policies. Later, China, Malaysia and others followed suit. In 1990 India announced its liberalized, new industrial policy and other policy measures,including the Foreign Direct investment (FDI) policy, which broadly aimed at enhancing international competitiveness and exports, and perceived FDI as an additional source of investment.
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