The Adoption and Diffusion of Imported Technology

This book considers the problems that developing countries face when importing technology from abroad. The major issues - technical, economic, political - are analysed in the case of one particular country: Korea. The book describes the negotiations with the foreign companies that controlled the desired technology, the building of the plants, the training of engineers and managers to replace expatriots, the improvements of processes and products and the maintenance of efficient and profitable production. In their research the authors were given access to information usually kept confidential - government memoranda and minutes, company contacts and records, costs and prices. The book also considers how typical of the developing countries Korea is, and the authors make certain policy recommendations for the future.