Question

To what extent do you believe that technology transfer, access to short term financing and improvement of export capacity will help developing countries to catch up and play of a level economic field with today’s advanced economies in the world economy.

You must cite some current events and debates, even from the readings or Internet to support your position.

Answer 1

A)

• The technology transfer helps in improving the degree of profitability and effectiveness.
• It expands the level of exports and furthermore it also satisfies the domestic needs. The short term financing secures the raw materials and various other items important for business. Organizations are provided with great port facilities, great distribution centers which impacts the trade a positive way.

Such a system is the make in India system which urges the new companies to obtain the short term funds for firing up their very own business and there by improving the export capacity with the facilities provided.