One can, in principle, import technology, train engineers to run it and become a great power. China, Korea and even Japan are classical examples of economies based on ‘reverse engineering’ where a technology is purchased, cheaper alternatives of mass production are found and the same technology is made available at a lower cost to the world. One can survive and even flourish on this. It makes the nation permanently dependant on reverse engineering, cost control and quality control.
But is this a good long term solution for a nation? Where is the creativity?
Best Regards,
Educate, Empower, Elevate
Prof. Bholanath Dutta
Founder, Convener & President- MTC Global
An Apex Global Advisory Body in Management Education
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