What Is the LIFT Technique?

Technology selection refers to the process by which policy makers analyze and compare various technical routes, technical guidelines, technical measures and technical solutions in order to achieve certain economic, technical and social goals, taking into account the constraints of objective factors inside and outside the system, and selecting the best solution. Technology selection is a multi-level, multi-factor dynamic decision-making process. Making a scientific evaluation of technology choices provides a scientific basis for companies to make correct decisions, which is conducive to improving overall performance and competitiveness and promoting technological progress. The impact of technology choices in the development of an enterprise is sometimes huge, or even the most critical. Technology choice is a scientific term under the dialectics of nature, science and technology and society, and sociology of technology.

Technology selection

When making a technology selection, you must first identify the types of technology you can choose from. The types of technology choices are different from different perspectives:

A. From the perspective of the factors affecting economic growth, the following types of technological options exist:

the first,

A. Principles of technological progress

Technological progress is the first principle of technology choice. The importance of technological progress has attracted more and more attention. Its contribution to economic growth and economic development has become greater and greater, and it has become the key to sustainable, rapid, and stable economic development. Therefore, technology selection should be based on technological progress as the primary basis, selecting technologies that are conducive to technological progress, and eliminating technologies that are not conducive to technological progress.

B. Principles of economic benefits

Economic benefits are the basic principle of technology selection. Because from the connotation of the economic benefits of technological progress and the relationship between technological progress and economic benefits, technological progress is an important means or way to improve economic benefits, and improving economic benefits is the basic goal of technological progress. Therefore, technology selection should not only consider technological progress, the key It should be seen whether it is conducive to the improvement of economic benefits. Generally speaking, technological progress is directly proportional to economic benefits. Without technological progress, there will be no economic benefits (other conditions remain the same), but not the more advanced the technology, the higher the economic benefits. When the two are inconsistent, the basic principle should be the level of economic benefits. Of course, this improvement in economic benefits should be related to macroeconomic benefits and

The goal of technology selection is

Classical economist David Ricardo put forward the idea of the relationship between technical structure and factor input structure in his comparative advantage theory. According to the factor endowment theory, the optimal industrial structure of a country's economic development is determined endogenously by its factor endowment structure. Lin Yifu's technology choice hypothesis believes that most developing countries have implemented development strategies that prioritize the development of capital-intensive industries, which are inconsistent with their own endowment advantages, which will result in the failure of resource allocation, rent-seeking activities, and macroeconomic instability. Affecting the long-term sustainable development of the national economy, it is difficult to narrow the gap with the economies of developed countries.

The upgrading of factor endowment structure provides the basis for the upgrading of industrial structure and technological structure. If you ignore the structural characteristics of your own endowment and are tempted by high and new technology to blindly develop high-tech industries, you will not be able to take advantage of your own endowment to participate in the division of labor in the international market. Cost of technology introduction and technology learning. Therefore, effective technology selection is to introduce and research technologies that are suitable for them to take advantage of their own factor endowments, and have an impact on the factor endowment structure and promote the upgrading of the industrial structure. After technology selection, a country will change the factor endowment structure, so the relationship between technology choice and industrial structure can finally be reflected in the relationship between the factor endowment structure and the industrial structure upgrade. The means and process of technology selection are reflected by the result of the factor endowment structure. So that the technical choice has a reasonable basis that can be quantified, so that the economic model of related quantitative analysis has a theoretical basis. ^[2-3]