Technology Transfer, Innovation, and Equitable Development: A Business-Centric Approach

Title

Technology Transfer, Innovation, and Equitable Development: A Business-Centric Approach

Creator

Gaur, Divyanshu

Description

In an era of rapid technological innovation, significant global disparities in access persist, impeding sustainable development. This chapter examines technology transferthe dissemination of knowledge and tools across bordersas a catalyst for equitable growth. Analyzing mechanisms such as licensing, joint ventures, and FDI, it elucidates how businesses can utilize these strategies for market expansion addressing barriers including restrictive intellectual property regimes, cultural incongruities, and regulatory fragmentation. Case studies, encompassing Kenya's M-Pesa mobile payments and COVID-19 vaccine inequities, underscore the dual potential for empowerment and exploitation. The chapter posits the necessity for ethical frameworks that balance profit and equity, urging stakeholdersgovernments, corporations, and international bodiesto implement tiered pricing, reform IP laws, and invest in local capacity. Prioritizing inclusive innovation, technology transfer can mitigate disparities, unlock $12 trillion in market opportunities by 2030, ensuring progress benefits to humanity. 2025 by IGI Global Scientific Publishing. All rights reserved.

Source

Bridging Technology and Development for Sustainable Innovation and Geopolitical Dynamics;pp.45-66

Date

01-01-2025

Publisher

IGI Global

Coverage

Gaur D., Christ University, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 979-836939074-0; 979-836939072-6;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/979-8-3693-9072-6.ch003

https://www.scopus.com/pages/publications/105004536178?origin=resultslist