Developing countries lag behind the industrial nations in developing and implementing new technology due to:
A) the size of the labor force and capital stock.
B) lack of abundant natural resources and lack of education.
C) the level of education of the population and spending on research and development
D) spending on research and development and lack of abundant natural resources
E) government mandate and lack of education.

Question

Quizplus · Accepted Answer

The level of education of the population and spending on research and development are key factors in the development and implementation of new technology. Developing countries may lack funding or prioritize other areas over research and development, leading to a lack of technological progress. Additionally, an uneducated population may struggle to adapt to new technology, further hindering progress. Lack of natural resources may be a limiting factor, but it is not as significant as the other factors listed in option C. Government mandate and size of the labor force/capital stock may have some influence, but are not primary factors in this issue.

Developing Countries Lag Behind the Industrial Nations in Developing and Implementing