What are the potential benefits of using technology to improve production in developing countries?
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Technology has the potential to bring significant benefits to developing countries in terms of improving production. It can lead to increased productivity, wealth, health, and lifestyle improvements for individuals and countries . Technology transfer is a key process in this regard, allowing developing countries to access and adopt suitable technologies from developed countries . The transfer of technology can enhance industrialization and economic growth, as well as improve the efficiency and effectiveness of production processes . Additionally, technology spillovers from foreign countries can contribute to economic growth in developing countries, with imports being a particularly conducive channel for these spillovers . Developing countries that benefit from technology transfer tend to have larger stocks of human capital, more openness to trade and foreign activities, and stronger institutions . Overall, technology can play a crucial role in improving production and driving economic development in developing countries.
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| Papers (5) | Insight |
|---|---|
| The potential benefits of using technology to improve production in developing countries include increased food production, energy efficiency, and access to knowledge and information. | |
85 Citations | The potential benefits of using technology to improve production in developing countries include increased aggregate productivity and economic growth through technology spillovers from foreign countries. |
| The potential benefits of using technology to improve production in developing countries are not mentioned in the provided paper. The paper discusses the challenges and barriers of technology transfer in developing countries. | |
Open access•Journal Article 17 Citations | The potential benefits of using technology to improve production in developing countries include industrialization, increased efficiency, and knowledge acquisition. |
Open access 01 Jan 2010 1 Citations | The potential benefits of using technology to improve production in developing countries include improved quality control in manufacturing livestock feeds and increased productivity and cost-effectiveness of livestock production. |
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