ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Technology Import-Liberalisation Is Not the Answer

Technology Import Liberalisation Is Not the Answer ISG WE, economists, are very fond of drawing a distinction between 'necessary' and 'sufficient' conditions, almost to the point of making it a cliche. I am tempted to draw the same distinction, in the present context; to ask how necessary it is to import technology in order to modernise our economy. I have no doubt that modernisation is absolutely necessary for our economic progress and that we cannot modernise without updating our technology. But will the import of technology be sufficient to ensure modernisation?

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