Abstract
It is widely believed that the economic situation of less developed countries (LDCs) can be greatly improved by conscious and judicious application of science and technology to the solution of their many problems. This belief is well supported by evidence attributing the rapid economic growth achieved by industrially advanced countries to the technology factor ([1], [13]). Early economic theorists noted that the level of savings and investment in the LDCs was low. They recommended transfusion of capital to spur investment and capital formation; but beginning with the late fifties the emphasis shifted to transfusion of technology rather than capital. However, the collective experience of the LDCs with imported technology over the past three decades has been far from encouraging, as is apparent from the growing discontent voiced by the “Group of 77.”
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Saaty, T.L., Vargas, L.G. (2001). Technological Choice in Less Developed Countries. In: Models, Methods, Concepts & Applications of the Analytic Hierarchy Process. International Series in Operations Research & Management Science, vol 34. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1665-1_8
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DOI: https://doi.org/10.1007/978-1-4615-1665-1_8
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