This paper begins with the well-accepted premise that technological pr
ogress provides the foundation for economic prosperity. And, because m
ost developing countries are lagging behind due to technological under
development, a judicious management of the technological advancement p
rocess deserves serious attention. Keeping these in mind and also taki
ng stock of the current global perspective for developing economies, w
hat problems and issues will have to be dealt with, and what bottlenec
ks will have to be removed are presented first. The middle portion of
the paper then deals with a brief dissection of the vital dimensions o
f the required technological change management system for practitioner
s and policymakers in these countries. The third and the last part pre
sents some observations/comments regarding the attitudinal, organizati
onal, and institutional changes that could help in achieving the aspir
ed technology-led economic miracle.