Technology Transfer from an Institutional Perspective

Abstract

The human factor, or the ability of the agent, is the most

essential element in economic development. The Japanese enterprises

brought the economic ability of employees to a high level

by forming a system called the "Japanese way of management."

Through this ability, the Japanese economy witnessed very

rapid growth in productivity and technology that can serve as a

model for economic development today. Moreover, the Japanese

enterprise has a system and method to transfer technology more

efficiently than the American or European enterprises can.

Successful technology transfer depends on the ability of the

agent in countries receiving technology, However, economic development

is acceptable only as a compromise to social reality

in the age of excessive enrichment.