Is transferring technology to developing nations the key to economic development?
I’m of the opinion that technological transfer to developing nations is the key to economic growth.
I’ll explain two examples to support my opinion.
First example is the development of infrastructure. For example, the construction of transportation such as roads, railways, and airports enable local people to move to other places or carry goods quickly. Under the situation, they can do their business much more easily, leading to economic growth. Also, by improving the Internet connection environment, children would be able to have an access to education, which is one of the important factors for economic development.
Second example is the education about agriculture. For instance, by giving farmers an access to biotechnology, they can cultivate crops efficiently and sell them to people in dire poverty at reasonable prices. According to some experts, hunger is one of the root causes of unstable society. Since social stability is one important requirement for economic growth, making sure that local people can grow food sustainably by themselves is very important.
In conclusion, I believe that transferring technology to developing nations is the key to economic development. (183 words)