Technology absorption: an overview. Sanjaya Lall Professor of Development Economics Oxford University, UK . What is technology absorption?. Most technology in ‘latecomers’ comes from abroad, in mixture of two forms:
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Professor of Development Economics
Oxford University, UK
EU big 3: 20%
Only 68 manufacturing firms out of 16.8 thousand with R&D (0.4%) account for 49% of total enterprise R&D spending in the US.
Only 329 manufacturing firms (2%) account for 71% of R&D.
The level of concentration has been stable or rising over time – despite the rise of technology-based SMEs
Source: OECD data‘Triad’ MNCs spend large sums in R&D in each others’ economies