Comparative law ii trade and foreign investment in china Essay

Comparative law ii trade and foreign investment in china - Essay Example In DFW needs to transfer new technology to ST, it shall offer technical assistance and key components and parts during the preliminary stage of production. The means of payment for the technical services shall be specified in the technology transfer contract. Eventually, ST shall produce the items purely with domestic components with the upgrading in their skills and increase in domestic supplies. The signed contract will end with the fulfillment of the quality and quantity requirements specified in it. Advantages DFW will improve competitiveness in the SEZ by influencing few features such as competence/skill, capital, exports, infrastructure, and technology. Transfer of technology with synergistic results are dependent on achieving "reasonable compatible" targets between developing countries and foreign companies. A technology transfer will generally profit the SEZ in one of two ways. It will provide to manage research and development to accelerate the creation of new technology. Th e other way a technology transfer can benefit SEZ is when it  can share  its technology with less-developed regions in an endeavor to assist them with essential technologies, such as infrastructure development or food production. Technology transfer will modernize the Shenzhen economy and change the way products are generated, so the region becomes more resourceful and productive within the global market system. Disadvantages Technology transfer involves the movement of material structure, knowledge, skills, organization, values, and capital from the place of production to the receiving site. The unseen features of technology, such as organization, skills, and knowledge might be much more decisive than the physical  element it is for the  effective  transfer of technology. The technology that is transferred must also denotes the transfer of knowledge to the recipients, instead of making them rely on continuous external inputs and help. The new technology must be socially t olerable and beneficial on numerous levels, in addition to the general capability of communities to uphold healthy and sustainable livelihoods. Technological advances tend to raise complexity and uncertainty, making end users dependent on dedicated experts, and construct new knowledge obstacles for probable investors. In cases of the transfer of multifaceted production technologies, knowledge and technical proficiency become important hurdles to the transfer. b) Turnkey contract DFW can enter into a turnkey contract with SZ for the construction of a computer manufacturing plant and semiconductor manufacturing plant in the SEZ region. In this case, DFW will be entirely be responsible for the costs of designing and building the plant including its start-up and its capacity to produce computers and semiconductor chips as specified in the contract. ST shall provide a construction site for the computer manufacturing plant and semiconductor manufacturing plant, the required approvals from the Shenzhen government, the maintenance, and operational staff. On the other hand, DFW shall provide all the technology, design, and engineering services for procurement, supply, installation of all equipment, staff training, start-up of the plant, and guarantee that ST can use the plant to produce