The Role of Government in Acquiring Technological Capability: The Case of the Petrochemical Industry in East Asia
The Role of Government in Acquiring Technological Capability: The Case of the Petrochemical Industry in East Asia
This chapter uses case studies to assess the role of government in the acquisition of technological capability in the petrochemical industries in Japan, Korea, and Taiwan. The methods of government control are described, particularly those concerning market entry, technology transfers, and technology absorption. The mechanisms through which government policies impacted the development of petrochemical industries and minimized the possibility of government failures are discussed.
Keywords: technological capability, Japan, Korea, Taiwan, government policy
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