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

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International Economic Affairs Technology Import

WE, economists, are very fond of draw-ing 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 im-port technology in order to modernise our economy. I have no doubt that modernisa-tion is absolutely necessary for our eco-nomic progress and that we cannot modernise without updating our tech-nology. But will the import of technology be sufficient to ensure modernisation?

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