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.

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.
References in periodicals archive ?
If we fail to win R&D investment we will rely on so-called screwdriver operations that are easily moved overseas.
More than half of Hungary's working population works in these screwdriver operations and have no opportunity to become independent entrepreneurs and new-idea creators.