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Technology Transfer – Driving Force of Innovation

Over the past few decades, technology transfer has shown its crucial role in economic and business development.

Technology transfer is one of the most effective ways to reduce a technological gap between developing and developed countries. For developing countries it is an excellent opportunity to increase competitiveness of local businesses and create their own innovative environment. Hong Kong, Singapore, South Korea and Taiwan are brilliant examples of economic modernization based on technology transfer.

Hong Kong 1960