Economic restructuring, technology transfer, and human resource development

the long version

Globalization and increased international competitiveness have led to the restructuring of the economies of numerous countries in the recent past. In the process, technology has come to be widely regarded as a major factor contributing to the growth and development of nations. This unique book integrates the interrelated issues of economic development, transfer of technology, and the preparedness of countries and enterprises to receive and assimilate new technologies. Based upon a comprehensive first-hand study of Singapore, Malaysia, Thailand and India, the authors provide a comparative analysis of four Asian economies and their respective experiences with structural adjustment and financial reforms. They support their microanalysis with detailed case studies of organizations in these countries which have restructured their operations so as to usher in technological change. These case studies highlight the importance of creating a conducive climate in terms of infrastructure development and suitable investment policies. However, the authors found that the most crucial factor in the successful transfer and absorption of technology has been the capacity and skill of human resources to assimilate new technologies both at the level of the enterprise and of the nation. Thus, the adoption of appropriate HRD strategies, they conclude, is the key factor in order to derive the maximum benefits from technological transfers. The comparative analysis of the differing strategies adopted by the four Asian countries and organizations within them provides important lessons which India and other emerging nations can adopt. With its comprehensive coverage, wealth of practical information and up-to-date data, it will be an indispensable resource for policymakers, planners, HRD managers, CEOs, as also for all those involved with technology transfer.