World Bank and Transfer of Technology Case of Indian Fertiliser Industry Usha Menon In the ongoing debate as to whether technology can be usefully borrowed, with or without foreign investment linked to it, the fact is often overlooked that the receiving country does not have the appro- priate infrastructure to put the foreign technology to optimal use. Hence it is not surprising that the World Bank, the most ardent champion of free trade and foreign investment, is also one of the most ardent sup- porters of transfer of technologies to underdeveloped countries with a view to assisting the eventual development of indigenous technologies.
