There is a rapidly expanding literature on the economics of the so
called 'new technologies' - especially on those using
microelectronic systems. Dr. Jacobsson's book deals with
microelectronics-based innovation in machine tools: with the
production and use of computer numerically controlled machine tools
in the world economy and especially in the Third World. Jacobsson
is mainly interested in the implications which CNC machine tools
may be expected to have for users and producers in the Newly
Industrialising Countries. He approaches this as a problem in
applied economics and the book will have a primary interest for
those economists whose concern is with the problems of
industrialisation in developing countries. It will be parti cularly
valuable to those who are preoccupied with the role of local
capital goods manufacture and with the technological preconditions
for this kind of production. Jacobsson is able to give detailed and
specific arguments on these matters as far as CNC machine tools are
concerned. In my view, the book has a considerably wider interest
and relevance than its specification may at first sight suggest.
Jacobsson's achieve ment is not just that he has provided valuable
and convincing quantita tive arguments about policy in setting up
production of CNC machine tools. In addition, he has set a new and
much needed methodological standard for analysis of the impacts of
'new technologies' on the international economy."
General
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