Thus, maximizing a project’s labor intensity is not a sound investment criterion. Nevertheless, LDC planners need to examine carefully technologies in which labor can be substituted for capital. Yet most of the global stock of new technology is capital intensive. Buddhadeb Ghosh and Chiranjib Neogi (1993:308–325) recommend that a country acquire new technology even if capital intensive but modify through local R&D until it discovers the appropriate technology.