In this study of the Comparative Political Economy of East and South Asia, the author adopts an interdisciplinary perspective on Third World development, thus recognising the importance of the interrelationships between the economy and the society and emphasising the need to direct attention to political, institutional and historical factors.

In most Third World nations, importing technology from other countries is considered vital to industrialization and economic development. This book examines the processes of technology transfer and development by tracing how Hindustan Machine Tools-a public enterprise in India-successfully collaborated with manufacturers from industrialized nations in its growth from a single factory to a diversified industrial complex. The author critically analyzes the company's overall strategies for diversification and expansion and its approaches to selecting, acquiring, absorbing, and generating...