Business Environment, 1st Edition by Pearson

| 60 | Part I: Fundamental Concepts

scope of the application of advanced technology in the developing

countries—all result in the widening of the gap between them and

the developed countries.

Before a country takes off in technology, it has to go through

various stages of technical development. This could be categorized

into four groups, viz. (i) borrowing technology, (ii) technical

adaptation, (iii) technical maturity and (iv) technical innovation.

Multinational corporations are today the most important agencies

for transfer of technologies.

Forms of Technology Transfer

The forms of transfer of technology are varied and inter alia include:

(i) Exchange of information: Widely practised on a bilateral

and multilateral basis, it takes ...