In this paper technology policy of India which has evolved over the years have been introduced as following: Firstly, it is selective and seeks to protect local technology. Secondly, it seeks to reduce to direct costs and individual costs of technology imports by regulating the royalty rates, other payments, the duration and restrictive clauses. Thirdly, it discourages technology imports throug...

debt: major default risks for dc banks, shortage of cash for the lowest-income developing countries (LICs), and uncertainty and high cost of credit for middleincome developing countries (MICs), all require attention; recycling: if OPEC surpluses are not placed in Ides to permit extra imports from des (tn-cycling) Ides will cut their purchases of such imports, and will be driven towards costly b...