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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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What are the problems a country may encounter when it decides to import the technology developed in the other nation?

The environment, situation, culture are unique for every country in the world. There is not any single country with identical culture or philosophy. So if a country decides to import technology developed in the other nation, they must take their culture and philosophy into consideration.


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.


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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.


Why do you have to declare over 10,000?

Individuals are required to declare amounts over 10,000 when entering or leaving a country to prevent money laundering and ensure compliance with financial regulations.


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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.

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