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THE ROLE OF TECHNOLOGY TRANSFER IN COOPERATION AGREEMENTS

K. RAVASZ
Acta Oeconomica
Vol. 27, No. 1/2 (1981), pp. 19-39
Published by: Akadémiai Kiadó
Stable URL: http://www.jstor.org/stable/40728871
Page Count: 21
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THE ROLE OF TECHNOLOGY TRANSFER IN COOPERATION AGREEMENTS
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Abstract

From among the transfer mechanism available Hungarian enterprises usually prefer industrial cooperation, because it provides the most built-in guarantees that the supplying party will live-up to its obligations and ensure that the transferred technology can be used satisfactorily. Further reasons for which this mechanism is preferred are the trade expanding and payment balancing effects of cooperation. Technology transfer is an essential part of most cooperation agreements made by Hungarian enterprises, and it stimulates trade both directly and indirectly. Two case studies discuss a transfer of technology from the FRG to Hungary, and from Hungary to India respectively, the first taken from the engineering, and the second from the pharmaceutical industry. The paper concludes that cooperation agreements have mostly been useful and successful in transferring technology, in fostering a division of labour in R + D. They created an interdependence and proved to be a suitable transfer mechanism between countries with different economic and social systems.

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