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"Technology transfer" refers to the practice of intentionally providing technology or "know-how" to another party. Many believe that technology underlies the economic advancement of countries. Because of this, when a company locates a production or other facility in a developing country, the host country may require the sharing of the associated technology with the workers and scientists of the host country who work in the facility. The host country requires this "technology transfer" with the expectation that this know-how will improve its technology knowledge base and spur economic development locally. A company (or a country for that matter) may balk at this requirement if it determines the technology transfer threatens its competitive advantage. A company may decide that the potential loss of competitive advantage is worth that risk, however, in order to locate a facility in a country that has desirable local resources, workers, or provides some other benefits for the company.
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∙ 15y ago
Technology transfer is important for developing countries because it allows them to access new knowledge, capacity building, and innovation that can help them advance their industries and enhance economic growth. By transferring technology from more developed nations, developing countries can accelerate their own technological capabilities and improve their competitiveness in the global market. Additionally, technology transfer can address local challenges, such as improving healthcare, agriculture, and environmental sustainability.
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What are the problems a country may encounter when it decides to import the technology developed in the other nation?
Some common problems a country may encounter when importing technology from another nation include compatibility issues with existing infrastructure or systems, concerns about data security and intellectual property rights, and potential dependency on the exporting country for updates or maintenance. Additionally, there may be cultural or language barriers that could impede the successful implementation of the technology.
Objective of fdi?
The objective of Foreign Direct Investment (FDI) is to promote economic growth, transfer technology and expertise, create job opportunities, and improve infrastructure in a host country. FDI also helps in increasing productivity, fostering competition, and boosting innovation in the local market.
In which fields do europeans work today?
Europeans work in a wide range of fields today, including finance, technology, healthcare, education, tourism, engineering, arts, and agriculture, among others. The specific field varies depending on the country and individual specialization.
What does a country need to develop?
A country needs a combination of factors to develop, such as stable governance, infrastructure development, access to quality education and healthcare, economic stability, investment in technology and innovation, and a skilled workforce. Additionally, strong institutions, good governance, and sustainable environmental practices are crucial for long-term development.
Is it possible for a present day country to go unnoticed?
It is unlikely for a present-day country to go entirely unnoticed due to factors like international relations, global communication networks, and satellite technology. However, some unrecognized or disputed territories may not be widely acknowledged by the international community.
Is Peru a devoloping country?
Yes
What is devoloping country?
is a country with a poor economy that's not that wealthy of a country
Is Canada a devoloping nation or developed nation?
It is a fully developed and cultured country with all the trimmings.
Should India become a developing country?
Yes because it is devoloping very good so yes, i think. Idk? Srry :(
Any dairying country is interested about the technology transfer programme- manufacture of rasgulla?
AVAILABLE: Manufacture of an UNIQUE & MONOPOLISTIC casein sweet- BALLS:- "RASGOOLLA" from CALCUTTA DAIRY TECHNOLOGISTS, under TECHNOLOGY TRANSFER PROGRAMME. CONTACT: K. Chakraberti Calcutta INDIA klzsk@dataone.in 91+ 9433973397
What is a political threat and examples of a political threat to a country?
A political threat refers to the disadvantages that a business can have in a country. For example: Less protection for patents and copyrights discourages technology transfer to India. That is related with the PEST analysis, which analysis the situation of a country... and how it can affect a company.
What country has better technology then the us?
The country that has better technology than the US is Japan.
What country leads in Green Technology?
I don't know in technology but the greenest country to live in is Switzerland
Which country is leading in computer technology?
JAPAN is leading on Technology
Can you use technology in a sentence?
technology has greatly improved our country.
Which country has better technology japan or china?
Japan has a better technology.
Which is the easiest and safe way to transfer large ammount of money millions in another country?
The easiest way to transfer large amounts of money in another country is via a bank transfer.
