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Impact of Technology on Competitiveness: a Case Study of Indian Small Auto Component Units

  • T. A. Bhavani
Part of the Technology, Globalization and Development Series book series (TGD)

Abstract

The phenomena of globalisation, liberalisation and rapid technological developments are changing business environments the world over. World economies, especially developing economies, have been shifting since the 1980s away from ‘policy regulation’ towards ‘market orientation’ through liberalisation of state controls on economic activities and also globalising in the sense of moving towards greater integration. Simultaneously, rapid technological developments are drastically changing the methods of doing business. At the base of technological progress is the revolution of information and communication technologies (ICT). The globalisation and liberalisation processes are not only exposing business enterprises to market competition to a greater extent but also intensifying that market competition.1 Technological developments, on the other hand, are providing opportunities for enterprises to improve their competitive strength in order to deal with the challenges of open markets. Technology plays a significant role in promoting competitiveness and growth both at the macro-and microeconomic levels, much more so in these days of globalisation that is necessitating as well as allowing technological change. It is the competitiveness of microeconomic units like firms that explains most of the variations in macroeconomic growth (Porter and Christensen 1998).

Keywords

Supply Chain Total Factor Productivity Total Quality Management Total Factor Productivity Growth Numerically Control Machine 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© T. A. Bhavani 2006

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  • T. A. Bhavani

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