VoxDev 15d ago

Technology improvement is central to development. In developing countries, this often means adopting and adapting technologies from the frontier rather than inventing new ones. But access to frontier technologies is not enough. New technologies are adopted when they fit local conditions, when complementary inputs are available, when adoption is profitable at the relevant scale, and when decision-makers have the incentives and information needed to use them. In this lecture, Julieta Caunedo and Tommaso Porzio discuss why the role of policy is not simply to promote ‘technology’ in general. It is to identify where the process of adoption, adaptation, or innovation breaks down, and to choose policies that relax these constraints. Read the full VoxDevLit here: https://voxdev.org/voxdevlit/technology-and-development #technology #economics #development