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Technology Resilience and Diffusion: Capability Formation Dilemma in Non-Agile Economies
Abstract
Economic zones are facing difficulties to control their endogenous process of technology creation. Technology poverty does exist. How to ensure that fragile economic zones become more resilient in capturing technology? How to achieve a competitive advantage in non-agile economies and get a larger category of their populations benefit from it? These challenges have taken all serious developmentalists by storm. Unfortunately, the so-called ‘technology transfer’ does not yield to the outcomes it promotes resulting to mitigated results in non-agile countries. This chapter argues that in an unpredictable and changing environment, technology diffusion is part of a complex change process which needs to be dealt with in a comprehensive manner. It cannot take place without revisiting the capability formation dilemma in non-agile economies. The technology-driven capability should therefore be supported by strategic policies and public private institutions. Technology diffusion may appear as the systemic link between shared wealth creation and collective efficiency.
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