10 Limitations to technology transfer in developing countries
- High costs of importing foreign technology. That is it is expensive to import foreign technology and adopting it to the local conditions.
- The poor education system in developing countries. The education system does not permit local technological capacity building but instead it promotes capacity to consume foreign technologies and products.
- Limited capital and other financial resources in developing countries. This acts as a bottleneck to technology transfer in form of shortage of capital to import the expensive technology from developed countries.
- Prohibition by intellectual copy rights. Countries, companies or individuals who discover a given technique of production sometimes require the importing country to pay expensively before it accesses the particular knowledge of production. This limits technology transfer
- Inappropriateness of the technology being transferred. Some foreign technology is not suitable for the social economic conditions of developing countries. This makes developing countries reluctant in importing some technology.
- High levels of conservatism in developing countries. Many people in developing countries fear to change and this makes it difficult for new ideas and methods of production to be adopted hence limiting technology transfer.
- Poor and inadequate social and economic infrastructural facilities existing in developing countries. This is reflected in form of poor transport network, poor storage facilities, shortage of power supply and limited financial institutions. This makes it difficult to use the technology imported from developed countries.
- Rampant political instabilities in developing countries also hinder the transfer and development of technology.
- Limited scientific skills. This is due to limited skilled manpower required for operating the sophisticated technology from abroad. This makes it difficult to import and apply foreign technology.
- Lack of clear policy on technology transfer and development by the government. This is reflected in conflicting policies of high taxes imposed on importers of such technology with the aim of raising more tax revenue. This greatly undermines the need for technology transfer in developing countries.
CATEGORIES Economics
TAGS Dr. Bbosa Science
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I’m hoping to start my own website soon but I’m a little lost on everything.
Would you recommend starting with a free platform like WordPress or ggo for a paid
option? There are so many choices outt there that I’m totally confused ..
Any ideas? Kudos! https://ukrain-Forum.biz.ua/