Transfer of Technical Know-How Through Multinational Corporations in Pakistan
The traditional theory of foreign investment says that foreign investors, which usually are the multinational corporations, bring to underdeveloped countries not only foreign equity and loan capital most often in foreign exchange but also advanced technology and managerial experience. Most underdeveloped countries lack qualified technical skills and managerial personnel; local entrepreneurs are usually not adequately trained to meet the problems involved in rapid technological change. Multinational corporations bring with them sophisticated technical know-how, modern management and marketing techniques and manufacturing experience. They also give training to local staff in both the technical and managerial fields.
Volume (Year): 12 (1973)
Issue (Month): 4 ()
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