ABSTRACT
Any serious attempt to comprehend the process of technological transformation requires a close accounting of changes in the country’s technological capabilities over the years. The investigation is somewhat constrained since technology does not have a physically visible/quantifiable existence. It is, nevertheless, embodied in a set of broader variables which constitute inputs in the production process – some quantifiable and others not. This chapter seeks to provide an insight into the broad developments perceptible over time in key technology-embodying inputs which we may, for this purpose, identify as capital formation, development of human resources, technology imports and indigenous R and D efforts. The inquiry will, in this process, throw light on the economy’s technological capabilities as embodied in physical capital, manpower, technology absorption from overseas, and local research and development activity. The investigation will also focus on the role of the government in promoting these capabilities through its own policies and involvements.
