The easiest way for a country to obtain access to technology is through
A)subsidizing education and training.
B)promoting foreign direct investment.
C)promoting policies to enhance saving.
D)enacting policies to promote property rights.

Question

Quizplus · Accepted Answer

Promoting foreign direct investment is the quickest way for a country to obtain access to technology. Foreign companies bring in advanced technologies, knowledge and expertise that can be diffused to the local industry. This promotes development of local industries, job creation and economic growth. Subsidizing education and training, policies to enhance saving, and enacting policies to promote property rights are important development policies, but may take longer to have an impact on technology acquisition.

The Easiest Way for a Country to Obtain Access to Technology