14.12. Technology choice
The selection of appropriate technology and know-how is a critical element in any feasibility study. Such selection should be based on a detailed consideration and evaluation of technological alternatives and the selection of the most suitable alternative in relation to the project or investment strategy chosen and to socioeconomic and ecological conditions.
Technology choice should be directly related to market, resource, and environmental conditions and the corporate strategies recommended for a particular project. The form of foreign participation, national objectives and policies, industrial growth strategy, availability of local resources and skills, and several other factors that can directly impinge on technology ...
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