Technology Development Policies: Lessons from Asia

Sanjaya Lall

Chapter 3 in Learning from the Asian Tigers, 1996, pp 59-106 from Palgrave Macmillan

Abstract: Abstract This chapter describes the policies of some Asian countries for industrial technology development (ITD). It is not a comprehensive review of each country’s technology policy, but selected descriptions of its important elements. It illustrates the nature of technology markets and problems in developing countries, and the policies that can be adopted to improve them. More interestingly, it shows that while they had similar approaches to some technological problems, the NIEs dealt with several important issues very differently. To clarify these differences, this chapter draws a distinction between different strategies to deal with failures in technology markets.

Keywords: Venture Capital; Foreign Firm; Market Failure; Local Firm; Public Research Institute (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38989-2_3

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DOI: 10.1057/9780230389892_3

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