International or multinational corporations have changed in the ways in which they handle technology development and transfer. Responding to various pressures that have emerged since the late 1970s, these international firms have moved towards increasing rationalisation of their technology activities. An increasingly significant development has involved the emergence of technology co-operation agreements amongst firms in various industries. The trend amongst some companies towards increasing cartelisation in both the development and the use of technology may have important implications for the markets in which technology is transferred. This has important ramifications for the governments of countries which are significant purchasers, such as Australia.
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