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

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Cost of Imported and Local Technologies-Implications for Technology Policy

One of the explanations for development and utilisation of local technology falling behind expectations is un- fair competition from foreign technologies. The nature of such competition is a severe disincentive to the development of local technological alternatives. Efforts at promotion of local technology, therefore, need to be supplemented by protection against foreign competition. Noting the inadequacy of the existing protection afforded to local technology, this paper argues that such protection needs to be complemented by price protection.

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