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Publication Type
Conference Proceedings
UWI Author(s)
Author, Analytic
Barclay, Lou Anne
Author Role
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Author Affiliation
Department of Management Studies
Paper/Section Title
The continuing mystique: MNCs, technology transfer and the development of an indigenous technological capability in Caribbean countries
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Proceedings Title
Multinationals, innovation and local upgrading conference
Date of Meeting
September 29-30, 2005
Place of Meeting
Catania, Italy
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Location/URL
http:; www.fscpo.unict.it/catania_workshop2005/pdf/Barclay(Abstract).pdf
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Abstract
The Anglophone Caribbean countries, like most developing countries, have experienced dramatic changes in their relationship with the multinational corporation (MNC). In an attempt to realise technology transfer and develop indigenous technological capabilities, some adopted relatively restrictive policies towards FDI during the 1970s to late 1980s. However, foreign technologies were not transferred and the region failed to develop indigenous technological capabilities. Also, a symbiotic relationship between the foreign investor, the local firms and the institutions of the National System of Innovation did not emerge. The post 1980s period has ushered the new development strategy of economic liberalisation as well as the implementation of WTO-compliant policies. However, these strategies have not resulted in foreign technologies being transferred and the indigenous technological capabilities being created in the ‘new’ industries of the region. Indeed, technology transfer and consequent development of indigenous technological capabilities continue to remain a mystique to countries of the Caribbean.....
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