Interest Quote by Edward C. Prescott
“Multinational companies use their technological know-how in their foreign subsidiaries, so reciprocal multinational relationships are key - they lead to a vested interest in both countries to remaining open.”
About This Quote
Source Paper: Economic Theory, 1990s, title unknown
Cross‑border technology sharing creates mutual interests, encouraging openness and stable multinational ties.
In simple terms: Tech sharing builds mutual benefits and openness.
Support policies that enable tech transfer between nations.
Themes
Mood
Type
When to use this quote
- Trade negotiations
- foreign direct investment
- joint R&D projects
- policy drafting
Key Concepts
Questions to Reflect On
- What safeguards ensure equitable tech sharing?
- How can smaller economies benefit fairly?
May overlook power imbalances and exploitation risks.