AbstractConventional approaches for measuring innovativeness have a number of limitations. A new approach is attempted, which consists of: measuring characteristics of technology in terms of four components; estimating export competitiveness of outputs; and assessing output by phases of technology life cycle. From this analysis, a number of lessons for developing countries are derived.The major prerequisites for technology development seem to be: to have a distinct specialization in manufacturing; to have a strong commitment for technology upgradation as well as assimilation; to incorporate technological considerations in economic planning; and to foster a climate conducive for technology development.