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Domestic firms' technological gain from FDI generally results from two channels.
The proposed model enables the decision-maker to consider explicitly three major objectives when evaluating new petroleum ventures financial, environmental and technological gain.
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Round the world, incomes were rising; capital markets were processing endless flows of money and investment; technological gains meant that ever more information was available ever more cheaply.
Mr Cowen is more willing to imagine big technological gains ahead, but he thinks there are no more low-hanging fruit.
Thus Italy could build solar arrays in north Africa, as long as it laid undersea cables to bring back the electricity.Europe has "so much to gain", enthuses a Eurocrat: energy security, jobs, technological gains, you name it.
Alan Greenspan, the chairman of the Federal Reserve, and other central bankers have cited as one benefit of the record nine-year expansion the ability of companies to produce more with less labor thanks to technological gains.
The same technological gains that have propelled the growth of U.S. residential and commercial cooling have helped turn automobile air-conditioners, which barely existed in the nineteen-fifties, into standard equipment on even the least luxurious vehicles.
If the Bush administration took the most practical approach and explored new methods of energy conservation, the effort could also yield important technological gains and reduce America's unconscionably large contribution to global warming.
Without improvements in schools and job-training programs, companies say the economy will be unable to take full advantage of the technological gains that have made the United States so competitive in the last decade.
In the 1970s the government decided that technological gains had undermined such "natural monopoly" arguments: AT&T's local phone services were subsequently hived off, and it was forced to accept competition for long-distance services.Why reverse history?
It's usually argued that complex technological gains trickle down to the poor — that the innovations required to reduce the sticker price of a Tesla Roadster from a hundred and ten thousand dollars to eighty thousand dollars will also eventually improve the lives of people at the bottom of the global income scale.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com