Technology Transfer in the Caribbean: A Case Study Approach

29 Pages Posted: 7 Mar 2011

See all articles by Arindam Banik

Arindam Banik

International Management Institute

Ian Hickling

LENSTEC Barbados, Inc.

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

Banik, Arindam and Hickling, Ian, Technology Transfer in the Caribbean: A Case Study Approach (June 2004). Available at SSRN: or

Arindam Banik (Contact Author)

International Management Institute ( email )

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+911126867539 (Fax)


Ian Hickling

LENSTEC Barbados, Inc. ( email )

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