Technological gap

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Technology gap - delay of selected technology development in relation to another country or group of states. According to the Solov model, the technological gap may lead to a lower level of economic development.

The technological gap can be found in different industries, which is a prerequisite for economic specialization. Technological differences between economies affect the direction and structure of international trade and international division of labor.

Leveling the technological gap requires stimulating technology transfer (eg by attracting foreign direct investment) and by increasing the investment in research infrastructures. Bibliography

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