The paper develops an analysis of the economic, political, and institutional conditions for successful design and implementation of technology policy in developing countries. After a brief introduction (section 1), we discuss contending economic theories of technological change and technology...

Based on a historical survey of the experiences of the USA, the EU member states and the East Asian economies, the paper argues that during their early stages of development, now-developed countries systematically discriminated between domestic and foreign investors in their industrial policy....