Book Description

The major issues concerning the development of industrial technology and the impact of the electronics revolution are discussed in this book. It also examines the role of the government in targeting and supporting this sector, and makes policy recommendations based on comparisons of more and less successful countries. Taking the example of the machine tool industry in Brazil and India, the authors show that excessive protection is counterproductive in industries undergoing rapid technological change. They conclude that changes in technology policy and tariffs should be made in consultation with manufacturers and users and that protection is progressively reduced in accordance with a definite long-term plan.