AUTOMOBILE INNOVATION TECHNOLOGY IN EMERGING NATIONS WITH A SPECIAL REFERENCE TO INDIA AND SOUTH AFRICA

摘要

World Bank Report (2014) draws attention to the fact that globalization has narrowed technological divides between two directions that is north and south, thereby making level of playing field for developing countries. Precisely, it opens a superior question of technological advancement of developing countries, to which this paper intends to dwell on. Technologies playing a vital role in the sustainability of high rates of economic growth in countries like India that has witnessed rapid expansion of market in recent decades, similar to South Africa. Thus, it attempts to make a comparative study between these two countries, namely India and South Africa, on the basis of technological advancement that are either commercialized or initiated. It is equally important, that the paper identifies the deployment of different institutional mechanism that is supposed to deliver the desired goal by taking the case study of auto Industry. At the end the paper attentively underscores the challenges as well as prospects of the countries witnessing in the era of globalization.