Abstract
New technologies and adaptations of those technologies are changing international economic standards and criteria for a competitive advantage in the world market–place. Many opportunities for investment exist, but countries must carefully evaluate current strengths and weaknesses, monitor trends and technological developments, and choose wisely where to invest their resources. This paper reviews the factors developing nations must consider when investing in new technologies and how to attract the location of manufacturing facilities in their countries. Highlights include: what makes up a competitive advantage, planning for technology transfer, researching customer needs and technological interface requirements, researching and monitoring technological developments, meeting world quality standards, the need for a skilled and educated workforce, and the importance of an efficient infrastructure.
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