Transnational corporations, technology and growth

Technology plays an undisputed role in economic growth by increasing the productivity potential of all factors of production, both tangibles such as labour and capital and intangibles such as organization and quality control. As the economies of the world are becoming increasingly globalized, technology emerges as the most decisive factor in determining international competitiveness and hence growth prospects. The present chapter provides a brief overview of the relationship between technology and growth, evaluates the role of TNCs in that relationship and draws some policy implications relevant to strengthening the contribution of TNCs to growth through technology transfer.

Sustainable Development Goals:

Decent Work and Economic Growth