In order to achieve economic growth, nations have to embark upon the maximum utilization of technologies, which they generally import from developed nations. These technologies are costly, and in most of the cases, in order to keep their carbon footprint intact, developed nations try to dump their outdated and less eco-friendly technologies to the developing and underdeveloped nations. In this type of a scenario, nations must strive to pull out the best out of their own human capital resources, so that the problem related to demand of more sophisticated technologies can be solved endogenously. It has been seen that in many parts of a nation, low cost advanced technologies are in place, but they are confined by the boundary of the vicinity. Due to hierarchical framework and political intentions, those technologies are not replicated across the nation, and in due course of time, nation loses her competitive advantage in the international market. This calls for a rigorous public-private initiative, where by using the support of government, local developers of technology can spread their works across diverse industrial sectors of nation. To know more about the public-private partnership and replication of capabilities, kindly browse through the pages of learningwithkevin.com.
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