Much of the focus of, indeed much of the impetus for, the current discussion of science and technology policy for the Latin American industrial sector has involved comparisons of foreign and domestic ownership. While such traditional concerns as the quantity of repatriated profits and interference in domestic politics (in the case of foreign firms) continue to be important, much of the recent literature is on comparative financial performance, growth, technology, and the interrelationships among these elements. The following conclusion is ubiquitous: Domestic enterprises, due largely to “technological” shortcomings, are simply unable to compete with the foreign firms and are therefore restricted both to secondary positions within individual product markets and to the less profitable sectors.