In August 1976 the Committee on Technology and International Economic and Trade Issues examined a number of technological issues and their relationship to the potential entrepreneurial vitality of the . economy. The committee was concerned with: • Technology and its effect on trade between the United States and other countries of the Organization for Economic Cooperation and Development (OECD); • Relationships between technological innovation and . productivity and competitiveness in world trade; impacts of technology and trade on . levels of employment; • Effects of technology transfer on the development of the less-developed countries (LDCs) and the impact of this transfer on . trade with these nations; and • Trade and technology exports.