Impact of embodied technology transfer on the price - wage - interest structure
Part of : Σπουδαί : journal of economics and business ; Vol.46, No.3-4, 1996, pages 157-172
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Pages:
157-172
Author:
Abstract:
The ordinary characteristic of developing countries is that they export agricultural and mining products and import manufactured goods. Nevertheless, a limit to their development is quickly reached given that land and minerals are fixed resources. The way out for further development is based on the progressive transfer of production techniques from the developed countries. In case the industrialising developing countries out to meet the extra foreign exchange requirements by exporting to the developed countries those goods produced by means of the transferred technologies, the impact of the embodied technology transfer on the price - wage - interest structure is the imposition of an upper bound. However, this bound varies depending on the layer of techniques to which it belongs.
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