Demystifying the Technology Transfer Process
The concept of technology transfer is age-old but it’s gaining popularity in the wake of globalization and regional integrations, for the role it has played in fostering knowledge-based economies. Modern-day technology with its application in industry originated in the United Kingdom and quickly rippled through Europe, particularly France and Germany, and across to the United States followed by Japan in East Asia. This transfer of technology has continued even to this day; reshaping every aspect of our lives, from work to education, from socializing to commerce and beyond. However, the transfer of technology, as well as the associated process, is shrouded in numerous myths, predominantly in developing countries, and Pakistan is no exception. Dispelling them is critical because cultivating technological capabilities within the country through the international transfer of technology in the backdrop of economic transformation in China represents an opportunity and should not be m...