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How Technology Transfer Can Reduce Poverty

August 18, 2020

The basis of technology transfer is very simple: we want modern, up-to-date technologies to spread to the developing world at affordable prices. We want indigenous firms to receive licensing contracts on reasonable terms to manufacture high-value goods. We want subsidiaries of foreign firms to hire and train employees to perform high-value production in the least developed world, and their Governments to provide the incentive and support those firms’ needs, such as financing and insurance.

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