For a developing country this represents a chance to get a high-tech tools with out direct funding in it. Moreover, the overseas firm is liable for the performance of equipped applied sciences. In this case, a developing country gets all the advantages of technology transfer, notably the event of its personal research environment. Besides, it’s a method to create new jobs and lift taxes. Equipment Acquisition is an easy and, therefore, some of the widespread methods of technology switch.
The major disadvantage of this method is the fact that the corporate limits itself to mere technical information integrated within the tools and does not get any new competences within the management and manufacturing. Moreover, tools obtainable on the market does not give unique privilege to the buyer, as this tools could also be purchased by some other competitor. One of the ways to scale back the risks of the turnkey …