Applicable Model and Approaches for Technology Transfer in Developing Countries

There are various models and mechanisms for technology transfer. But it doesn’t mean that all technology transfers models and mechanisms are fit to all types of technology. The model selections are based on the technology recipients and donors’ interest, economic level and types of technology to be transferred. This study reviewed and examined the technology approaches and models and proposed the best applicable and appropriate technology transfer models and approaches in developing countries. The study conducted through literatures review on technology transfer models, and Mechanisms of fast developing and developed countries. The countries considered as best practice were China, Japan and South Korea. Some approaches were Trade or importing capital goods, licensing, foreign direct investment, joint venture, re-engineering, human capacity development, donation of the technology and innovation-based technology transfer. Here, the question is which one is/are fit to developing countries to receive technology? Though it is misleading to propose only one approach, it is possible to develop or select the best approach/approaches to transfer technology in developing countries. In this study the best appropriate technology transfer approaches and model were clearly identified & recommended. Key words: Technology Transfer, Models, Developing Countries, Best Practice, Mechanisms