Benefit of technology transfer to developing countries

Advantages and disadvantages of technology transfer pdf

For developing countries, technologic novelty is far less important than relevance, which encompasses, among other things: direct application to reducing risk of infection and disease; affordability and cost-effectiveness; saving foreign exchange; satisfying public demand with political benefit to the government; and promotion of social equity. However there has been a disadvantage when it comes to the technology transfer, which could mostly be overlooked. On the other hand, inventions with an appropriate intellectual property and market position are given the green light and intellectual property rights are pursued. On one hand, stronger IPR protection can boost growth, innovation; on the other hand, it provides monopoly to patent holders, thus increasing the prices of products in the market and limits knowledge diffusion in the economy. When technology is used correctly it can be extremely helpful in furthering the prosperity of economies. However, IPR varies from one country to another. The value of health gained by the new technology should exceed its cost, but this is difficult to measure. Another issue is that the distribution of technology needs to be equal across a country; so far the poor have not been able to have the same amount of access to technology. Where we find ourselves always leaning towards them in terms implementing technologies they have pioneered in order to improve our economies. The technology transfer office will not be able to proceed with the invention if there is no intellectual property available, no value to industry or appropriate competitiveness in the market. Research Development Technology transfer sustains the research of a particular product, which determines the need for public and private use. Other ways that technology is helping economies in developing countries is by reducing the costs of production, encouraging growth of new business and advancing communication. When there is any breakage or stoppage of machines people will reach a helpless situation until the problem is solved.

The technology transfer depends on the market structure, pricing, and other country-related factors. Most of the multinationals restrict transfer of technology in developing countries due to technology spillovers and weak IPR protection.

The ultimate beneficiary of technology transfer is the public, who benefits from both the products that reach the market and the jobs resulting from the development, manufacturing, and sale of products.

Benefit of technology transfer to developing countries

Published By. When new equipment and machinery are used in place of old ones and new technology is being applied for making process running in the industries becomes less costly. The technology transfer depends on the market structure, pricing, and other country-related factors. Several measures including integrity of legal system, enforcements of patent laws, and impartiality of courts have to be considered for the efficacy in implementation of patent laws. The technology is complex and can be transferred through formal and informal channels. Similarly, ethical issues involving protection of human subjects and informed consent may complicate clinical trials and technology assessment in the developing country environment. Developed countries focus more on stronger intellectual property rights and provide incentives to innovators for research and development. While formal channels include foreign direct investment FDI , licensing, foreign patenting, etc. Technology is not limited to equipment and commodities but includes know-how, understanding and the ability to control and exploit underlying principles and processes. Successful transfer and development of the technology helps promote the research institution and its commercial partners. Stronger IPR protection helps in developing new technologies and knowledge in the economy, thus leading to long-term growth. How Technology is Helping Economies in Developing Countries The Internet and other advances in communication technology have helped make the spreading of globalization even quicker. The developing countries restrict the patent system as it limits the diffusion of technology and growth. The HIHP is an organization that provides women with mobile devices so that they can launch their own tech-driven businesses. Transfer of technology from advanced countries to developing countries is critical and controversial issue.

How Does Technology Transfer Occur? Another way to do this would be for government to aid in making it more feasible for companies whether small or medium to engage in business country to country, without endless red tape. Technology transfer helps develop early stage intellectual property into tools for direct use by the research community, or into bases for new platforms, products, or services to be made into products for public use.

Technology transfer examples

While formal channels include foreign direct investment FDI , licensing, foreign patenting, etc. Stronger IPR protection helps in protecting valuable technologies and intellectual property of foreign entities. IPRs create ownership of intellectual property to innovators and provide legal powers to prevent others to make or sell intellectual property creation without the consent of innovator. It is important for organizations to monitor technology and to encourage innovations and job creation in order to solve these issues. Another advantage that is coming with technology transfer is the cost saving factors. However in recent news and the Department of Science and Technology executing its mandate of ensuring through the implementation of national research and development strategy, its aim is to make science and technology the driving force in enhancing productivity and economic growth as well as socio-economic development. By encouraging women to innovate ideas instead of just giving them technology, HIHP is helping to better the economy in a sustainable and long-term way. Research Development Technology transfer sustains the research of a particular product, which determines the need for public and private use. For developing countries, technologic novelty is far less important than relevance, which encompasses, among other things: direct application to reducing risk of infection and disease; affordability and cost-effectiveness; saving foreign exchange; satisfying public demand with political benefit to the government; and promotion of social equity. Several measures including integrity of legal system, enforcements of patent laws, and impartiality of courts have to be considered for the efficacy in implementation of patent laws. Technology is typically transferred through a license agreement in which the university retains ownership of the intellectual property, while the industrial partner obtains conditional rights to use and develop a technology. On the contrary, developing countries embrace weak IPR protection for rapid diffusion of technology and imitate technologies as a source of development. Technology is not limited to equipment and commodities but includes know-how, understanding and the ability to control and exploit underlying principles and processes. Moreover, weak IPR protection in the developing economies forces entrepreneurs to import new technologies from advanced or developed countries. How Does Technology Transfer Occur?

Technology is typically transferred through a license agreement in which the university retains ownership of the intellectual property, while the industrial partner obtains conditional rights to use and develop a technology.

The developing countries restrict the patent system as it limits the diffusion of technology and growth.

elements of technology transfer

Technology is not limited to equipment and commodities but includes know-how, understanding and the ability to control and exploit underlying principles and processes.

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Advantages and Disadvantages of Technology Transfer Process