Book excerpt: The objective of this book is to present the problems and possibilities of transferring technology from the developed countries to the developing countries to raise their standard of living. It develops the conceptual issues, legal ramifications, empirical testing of mathematical models and case studies of different industries in many countries. It contains articles by distinguished scholars in the field, practitioners and government officials. It is an important supplement to the hands-on approach used by many private industries and national and international organizations. The unique feature of this book is that it is multidisciplinary and that it has a balanced combination of abstract theoretical approaches and practical considerations.