The Role of Technological Change In Asian Growth
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THE ROLE OF TECHNOLOGICAL CHANGE IN ASIAN GROWTH Technology has been recognised as a major driving force behind industrial progress and structural change, enabling countries to increase their competitiveness and hence their share of international trade. This has been demonstrated in recent decades by the development experience of the so-called 'Asian tigers' which have increasingly absorbed modern technology and integrated it into productive activities, thus expanding their output, increasing employment, improving skills, raising productivity and generally growing in economic strength (Dept of Foreign Affairs and Trade, 1997). In order to understand the way technology impacts economic development within the newly industrialised economies (NIEs), this discussion will firstly concentrate on the some of the issues that affect the relationship between technology and economic development. Mainly, the issue of technology transfer becomes of most importance when considering the forecasted success of an NIE. Will comparative advantage be found through gradual learning...

