Abstract

This article introduces a decision framework for technology transfer from the developed countries (DCs) or multinational corporations (MNCs) to less developed countries (LDCs). This framework considers technology as an important strategic variable in national development planning. By considering technology transfer in a formal planning process, the LDCs and MNCs may reduce the risks associated with the transfer of inappropriate technology. This framework takes a holistic or systemic view of technology transfer and suggests how technology can progress through research and development. Technology progression may lead to long term economic growth for LDCs.

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