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    Capital and technology flows: changing technology-acquisition strategies in developing countries

    Athreye, S. and Kapur, Sandeep (2015) Capital and technology flows: changing technology-acquisition strategies in developing countries. Working Paper. Birkbeck College, University of London, London, UK.

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    Abstract

    Abstract Given the imperfections in markets for technology, foreign direct investment (FDI) has been regarded as a channel for the transfer of technologies from developed to developing countries. FDI was expected to generate technological spillovers through vertical linkages with host-country firms and through involuntary leakages. Evidence suggests that inward FDI was a weak channel for technology transfer. with only limited spillovers in developing countries. With the wave of globalization that started in the 1980s, trade in disembodied technology has boomed. Some large firms in developing countries have also acquired technology through outward foreign investment, typically through acquisitions of firms with a portfolio of technology products. Reinforcing these channels for technology acquisition by developing country firms merits active policy interventions.

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: ISSN 1745-8587: BWPEF 1511
    Keyword(s) / Subject(s): Technology acquisition, licensing, foreign direct investment.
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Administrator
    Date Deposited: 20 May 2016 09:06
    Last Modified: 20 May 2016 09:06
    URI: http://eprints.bbk.ac.uk/id/eprint/15268

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