Keywords: technology transfer, emerging markets, manufacturing technology, diesel engines, technical feasibility, economic feasibility, systemic problems, government policy, West Germany, South Korea, technology policy
Systemic problems in technology transfer in emerging markets
This study analyses a case of a Korean company that imported the manufacturing technology of diesel engines from West Germany back in the 1970s when Korea was in a state of an emerging market. The first objective of this study is to identify the systemic nature of the problems that arose in the course of the transfer of technology from an advanced country to an emerging market. The second objective of this study is to explore the technology policies that the Korean government adopted to help Korean business firms solve the systemic problems.