However, this isn’t the principal type of technology transfer that superior nations would prefer. The indirect mechanism implies technology transfer in a “package deal” or a “bundle” containing technology-embodying equipments, industrial properties like patents and trademark, talent, fairness capital, etc.
The direct mechanism consists of transfer of technology by way of banks, journals, industrial festivals, technical co-operation, movement of expert folks and so forth. Here there’s a alternative for the developing nation to pick out the appropriate technology that best suits their requirement.
Very usually, the terms and situations of switch are arbitrarily settled under extremely imperfect market circumstances by the technology supplying multinationals. Capital drain occurs as a result of heavy borrowings from the World Bank which ends up in improve in the social overheads. In such a scenario, it’s next to impossible for a creating nation to pump capital into activities concerning analysis. Moreover, the large a …