winning_with_technology

Hong Kong, Singapore, Korea and Taiwan gained foreign
investments and gained technology from those foreign
investments. These four countries became the newly
industrialized countries through foreign investments.
Meanwhile, their governments emphasized the development
of technology to up-grade their industries. In twenty years,
these countries developed their industries to become newly
industrialized countries by using the strategy of “Copy and
Develop” to enhance their manufacturing capability. Korea
and Taiwan are good examples. They have grown their
industries by copying technology from the original product,
then developing better products to offer to the market. In
the past 20 years, China has been doing the same as Korea
and Taiwan in “Copy and Develop”. Now China is second
to the USA as the largest economic country.
How about Thailand?
T h a i l a n d h a s b e e n d e v e l o p e d f r o m a n
agricultural country to an industrial developing country.
Electric appliances, disc-drives, automobiles, auto-parts
and food processing are major exports. The Thai economy
Banja Junhasavasdikul, Ph.D.
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