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Functional Markets and Indigenous Capacity for Sustainable Development: What Can Transnational Corporations Do through Technology Transfer?

In: New Generic Technologies in Developing Countries

Author

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  • Richard Adams

Abstract

Technology and economic development have been inseparably linked throughout history. Their interdependence increased from the start of the industrial revolution and was further emphasized with the growth of the transnational corporation (TNC). Technology — applied arts and sciences — has been harnessed by all governments to achieve their objectives: peace and war, social change and social stability. But although governments can stimulate technological processes, they are increasingly in the hands of the TNC when it comes to application and implementation. It is hard to overestimate the degree to which the large corporation regards itself as the specialist, par excellence, in making new technology functional.

Suggested Citation

  • Richard Adams, 1997. "Functional Markets and Indigenous Capacity for Sustainable Development: What Can Transnational Corporations Do through Technology Transfer?," Palgrave Macmillan Books, in: M. R. Bhagavan (ed.), New Generic Technologies in Developing Countries, chapter 9, pages 195-213, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25836-9_10
    DOI: 10.1007/978-1-349-25836-9_10
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    Cited by:

    1. Ramanathan, R., 2002. "Successful transfer of environmentally sound technologies for greenhouse gas mitigation: a framework for matching the needs of developing countries," Ecological Economics, Elsevier, vol. 42(1-2), pages 117-129, August.

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