Economically developing countries are facing the very difficult problems of mastering the skills involved in newly emerging science-intensive industries. To improve technological capabilities, they must expend resources to establish themselves in industries that aree technologically mature. Transfer of knowledge in the crux of the direct investment, so in this context transfer of technology (ToT) plays a vital role int he economic and technological development. So, the wide spread discussion of "economic globalization" has involved an important debate on the role of technology in "economic globalization" and economic growth. Much of that debates has concentrated of corporate behaviour within the developed countries but transfer of technology (ToT) combines the development of indiginous technolgical capabilites also. At the same time, organizational skills, procedure, and assumptions within the globalization of technology need to be adapted to fit the new technology in the developing countries. Thus this paper try to explain the story of foreign direct investiment (FDI) in the economic growth and development of technology through technological capabilities that provides for an increasingly intesnse end of domestic competition. The paper also analysis and review the effect of access to technology and level of competition, of the level of technological capabilities by inference a strategy for the success acquisition of technology in developing countries

Volume 23

Numbers 5-8