ABSTRACT
The scope and content of economic and technical co-operation among developing countries needs to be significantly enlarged if development objectives and priorities are to be rapidly achieved and if industrial and technological development is to be effectively harmonised with such objectives and priorities. The dominance of transnational corporations (TNC) through subsidiaries and affiliates has continued in most industrial and service sectors, and economic and technological self-reliance is far from being achieved. The considerations which apply to TNC activities may be equally applicable to economic cooperation among developing countries (ECDC) and technical co-operation among developing countries. An important development, of particular relevance to ECDC, has been the increase in foreign direct investment (FDI) from developing countries. A close relationship exists between the structure of FDI and commercialization of technology and technical services. While TNCs have traditionally operated through wholly-owned affiliates, policies in several developing countries are being oriented increasingly towards greater domestic participation and control.
