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Answer to Question #64832 in Economics of Enterprise for Lawrence

Question #64832
Implications of slow adoption of modern technology on the national economy?
Expert's answer
The major problem facing most developing countries today is the need to transform their agricultural industries from one depending on traditional inputs with low productivity to one based on modern input with higher productivity.
The causes of slow pace of technology transfer and adoption were identified to include ineffectiveness of extension delivery system, lack of adequate liaison between extension and research, lack of trained personnel both in quantity and quality, inadequate financial support, complexity of the new technology, incompatibility, in relation to the existing ones, high coat of adopting the new technology among others and the resultant low agricultural productivity.

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