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IIMB Management Review

Document Type

Notes and Commentary

Abstract

Since the end of World War II, the tremendous development of technology, and its application in producing goods and services in abundance continued to make life of human beings satisfactory. In this effort, countries in Europe, the USA and later on Japan made great progress. Witnessing these developments, developing countries in Asia, Africa and Latin America made efforts to encourage pursuit of science and technology and their applications for the establishment of industry, and production of goods and services for their people. However, advances that had taken place in countries in Europe, the USA and Japan did not come about in most of the Asian, African and Latin American counries. In Asia certain countries like Singapore, South Korea, Taiwan and Hongkong made progress in terms of industrialisation and increased living standards. But, such developments were not experienced in other developing countries in three continents. Thus India, Brazil, Mexico, Argentina and later on African countries like Nigeria, Kenya and Egypt tried to encourage development of science and technology and their use for meeting basic needs of their populations and also raising their living standards. While living standards improved in many countries although to a varying degree, the development of technology in those countries was more or less the same, i.e., very meager. None of these countries, including those mentioned earlier whose living standards visibly improved, had been able to generate significant technologies commensurate with needs and resources. This resulted in all these countries depending continuously on imported technology at every stage of their development.

Publication Date

7-1-1987

First Page

253

Last Page

268

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