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Proprietary Technology: The Next Challenge for the NICs
The future economic success of the Asia Pacific region is predicated on developing and sustaining a successful manufacturing sector. This must include not only primary processing and secondary manufacturing, in which the region has considerable experience, but the development of proprietary products and technologies. This latter endeavor is proving a challenging undertaking for the newly industrialised countries (NICs) of the region, Hong Kong, South Korea, Singapore, and Taiwan.
The future economic success of the Asia Pacific region is predicated on developing and sustaining a successful manufacturing sector. This must include not only primary processing and secondary manufacturing, in which the region has considerable experience, but the development of proprietary products and technologies. This latter endeavor is proving a challenging undertaking for the newly industrialised countries (NICs) of the region, Hong Kong, South Korea, Singapore, and Taiwan.