Conclusions

Keijiro Otsuka (), Gustav Ranis and Gary Saxonhouse
Additional contact information
Gustav Ranis: Yale University

Chapter 6 in Comparative Technology Choice in Development, 1988, pp 204-205 from Palgrave Macmillan

Abstract: Abstract In this volume we have examined two comparative cases of technology borrowing and adaptation in the same industry with very similar initial conditions. We have seen that there are marked differences in behaviour which can be attributed to the nature of the sub-sectors, i.e. cotton spinning (a more continuous process) as opposed to cotton weaving (a more discrete process — at least initially). But most instructive are the differences across the two country situations under observation, Japan and India. As we would have expected, differences in relative factor prices, along with differences in market structure, clearly do have significant long-run implications for the strength and bias of innovations across countries. The price distortions commonly observed in developing countries are likely to result in both ‘inappropriate’ choices of technology and an ‘inappropriate’ direction for technology change. An important lesson to be learned from the historical experience of Japan is that the relative absence of deliberate market intervention policies — even after the end of tariff extraterritoriality — helped both to ensure an efficient choice of imported technology and to have it adapted in appropriate directions both during and after the labour surplus phase had come to an end.

Keywords: Technology Choice; Machinery Industry; Price Distortion; Efficient Choice; Domestic Patent (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Chapter: Conclusion (2024)
Chapter: Conclusions (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19140-6_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349191406

DOI: 10.1007/978-1-349-19140-6_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().