screwdriver operation
screwdriver operation
an overseas subsidiary of a MULTINATIONAL ENTERPRISE which simply assembles parts delivered to it by the parent company from abroad. Such screwdriver subsidiaries have only limited opportunities for creating jobs in the host country where the subsidiary is located and offer few opportunities for TECHNOLOGY TRANSFER. LOCAL CONTENT RULES are often established by governments which specify the minimum proportion of a product to be manufactured from locally supplied parts if the product is to be regarded as domestically produced.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
screwdriver operation
an overseas subsidiary of a MULTINATIONAL COMPANY that simply assembles parts delivered to it by the parent company from abroad. Such screwdriver subsidiaries have only limited opportunities for creating jobs in the host country where the subsidiary is located and offer few opportunities for TECHNOLOGY TRANSFER. LOCAL CONTENT RULES are often established by governments, which specify the minimum proportion of a product that has to be manufactured from locally supplied parts if the product is to be regarded as domestically produced.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005