Abstract
The importance of technology gap as one of the main explicators for the differences in the economic conditions of developed countries and less developed countries is identified in this paper. After examining two streams of international economic theories dealing—directly or indirectly—with technology transfer, a few strategic and structural variables are identified to explain the observed phenomena. Based on these, 12 propositions are hypothesized which may, on further testing, provide a better explanatory and probably predictive base for the technology acquisition behaviour of LDCs. An attempt is also made to relate the strategic and structural variables and the 12 propositions into a conceptual schema.
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