Essay about The Medium Term Development Framework Plan Provision
The Medium Term Development Framework, MTDF 2005-10, proposes a paradigm shift based upon adaptation and diffusion of knowledge and technology applied across the entire spectrum of institutional excellence. In this context, the key issue of quality in all its various manifestations needs to be addressed if the basic building blocks of a just and prosperous society, or the ability of the state to provide an efficient and friendly system, are to be put in place.
Technology is now an intrinsic part of the economic system and has become the major factor of production in leading economies. It is the accumulation of knowledge that drives economic growth. Information and knowledge can be shared, and actually grows through …show more content…
The Development Plans and existing Policies on Science and Technology points towards the importance of excellence in institutional building and vast investment in science and technology to take the country towards prosperity and knowledge-based economy.
Technology transfer is very crucial for Pakistan, if it requires competing international market. Currently, Pakistan like other developing countries does not possess a large amount of protected technology upon which it can build new technology and research. Also, it lacks a sufficient pool of trained personnel to perform research and development in new technologies. Consequently, the need of the hour demands transfer of technology from developed nations to assist its growth.
There are two ways by which developing countries can lead ahead in technology. One is doing Research and Development within the country, which of course has its own drawbacks. One of those being heavy costs. The other could be to import technology from other developed countries, which in more true sense is known as Technology Transfer. Our focus on this project will lie in International Technology Transfer as it is comparatively a more feasible option. In order to carry out the project