Technology Transfer in the Caribbean: A Case Study Approach
29 Pages Posted: 7 Mar 2011
Date Written: June 2004
The balance between local and foreign sources of technology is closely entwined. Likewise, foreign channels are an essential feature of fast catch-up growth. The firms would have to develop strong marketing capabilities and invest heavily in creating brand images acceptable to worldwide consumers. Similarly, they would have to create a strong research culture within their companies and considerably increase their investments in basic and applied research to generate significant new innovations. The Caribbean cases reveal the careful and strategic selection of firms that explain that the privileges granted were not wasted or abused. Indeed the privileges were cannot be the sole reason for a company locating in a particular jurisdiction, but instead need to form part of a raft of reasons which must include the ability of the host country to assimilate the technology provided. Their choices also at times reflected strategic rather than economic priorities.
Keywords: Technology Transfer, Barbados, Lenstec
JEL Classification: O31, O32, O33
Suggested Citation: Suggested Citation