What are the major obstacles to technology transfer from developed to developing countries?
- Inadequate capital to purchase and use the technology
- Insufficient technical and scientific skills to adapt technology
- Limited market
- High level of protectionism making technology inaccessible i.e. multinationals have their interests and they protect it at all costs
- Low level of infrastructural development to absorb new technology
- Inappropriate education system
- the feudal/colonial mind-set that still exist today, i.e. developing country supply the raw materials, and developed country utilize and supply the secondary material;
- Inappropriate technology
- High cost of maintenance of new technology
- Institutional weakness (bureaucracy, nepotism, corruption, legal system,…) and scarcity of entrepreneur factor
- Foreign direct investment may not be well oriented to the strategic sectors.
- Weak mechanisms to protect the intellectual property rights (IPR) of the technology developers.
CATEGORIES Economics
TAGS Dr. Bbosa Science
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