Technology transfer and creation as a tool for economic development has gained increased importance after World War II. The countries that were successful in technology creation also became the world’s most advanced countries and transferor of technology; whereas other nations unsuccessful in their attempts tried to catch up with their counterparts by means of technology transfers. Those nations that were successful in adapting and absorbing the incoming technologies began to improve existing technologies and create new technologies. Therefore, one of the prerequisites of domestic technology creation is the success achieved in adaptation of imported technology. By increasing the effectiveness and efficiency of technology transfers, the technology base may be widened and a greater number of countries should be able to enjoy its merits.
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- On the Transfer of Technology and Management Know-How
G. M. Naidu