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...