Latecomer industrialization.

Assignment Task

Latecomer industrialization.

Questions. 

Rapidly liberalising its economy. As a policymaker, you are being asked to decide between developing technology through externalised mode versus inviting MNCs to set up shop.

• Argue for and against externalised versus internalised transfers of technology  in the following industries
• What objectives/circumstances will influence your decision?
• What role will government play in these industries?

Question for class discussion.

• Are ISI and autonomous policies advisable for developing countries?
• Are these strategies mutually exclusive or one can mix and match (combine) the strategies?

Latecomer.

• Who makes the decisions?
• How can latecomers and late industrialising countries catch up?
• How can they obtain technology and become competent?
• Does mode of technology transfer matter?
• What is the need for local technological effort for latecomers?

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