Technology, not only invol ve . ~ritten infonnation but also personembodied skill s, know-how arid the adaptation of manufacrufing processes to local operating conditions and markets. Therefore, the acquisition of technology by domestic industries can manifest itself in many ways. The more important ones being: I. exchange of infonnation and personnel through technical cooperation program, 2. direct employment of foreign experts, 3. imports of machinery and equipment and related literature, 4. contractual purchase of a given technology or know-how through licences and agreements for the right or access or use of the particular technology, that is protected by trade-marks, patents, licences, S. internali zed technology transfer from parent companies to subsidiaries overseas as may be embodied in direct foreign investment