In all cases, countries must be successful as exporters to pay for the imports of technology (or to pay dividends on foreign investment).Many economists assume that all developing countries are equally well placed to absorb technologies from abroad, but this is wishful thinking.
One of the substantial topics in business field and also for military purposes is radar absorbing technology.
Chinese industrial conglomerates are also absorbing technology from partners like Siemens to bid for projects in more lucrative markets; last year Siemens opted to partner with China on a bid (since dropped) for a multibillion-dollar Saudi Arabian rail contract.
"These people will absorb new technology on a scale that is simply quite stunning," says Craig Mundie, Microsoft's head of research and strategy.The cost of many gadgets is falling fast, giving another fillip to consumption.
Instead of simply trying to preserve small cultural traditions, Japan's power-brokers tried to absorb western technology in a way that would shield them from political competition and protect their interests.
Today, Mercedes-Benz is primarily a manufacturer of premium sedans, wagons and sport utilities that absorb the technology of its sports cars.
But too often these divisions lurch from pilot to pilot, and struggle to find line-of-business champions willing to absorb startup technology into their operations.
In addition to a full assessment of risks, it is crucial to also allow enough time for women and girls to absorb new technology.
To strengthen local industry, developing countries like Ghana should still pursue initiatives to absorb new technology.
