Technology transfer is shown here to be much more complicated than the mere handover of new technology hardware to developing countries. It is about innovation and learning and its effective management depends on generating new knowledge and being able to react quickly and effectively to change. The book covers the practical issues of technology transfer, including product, process, cost reduction, integration of local materials, import substitution, employee involvement,and the improvement of safety and working conditions. These concerns are integrated with an analysis of theories of innovation, to identify the key stages in the process of technology transfer and achieve a working model of how such projects can be more effectively managed.