Adoption of Technology as Core Policy In Developing Countries - Nigeria as Case in Point
Updated: Jul 11, 2020
It is crucial that the developing countries adopt technology as a central core of its policy for national development. In developed economies, technological change has always played a determinant role. Indeed studies have shown that more than 50 percent of long-term economic growth stems from technological change (Kim 1977). By technology we mean “the practical application of knowledge and skills for the establishment, operation, improvement, and expansion of facilities for transformation and to the designing and improving of outputs therefrom.” (Kim, 1977). Developing countries must turn inwards to see the need to start to generate energy by themselves, turn their raw agricultural and other products into finished good. They must as a matter of deliberate policy promote the acquisition of practical knowledge and skills for the establishment of facilities for carrying out the different functions.
Technology for development is an all-encompassing phenomenon that demands sovereign political will to push through to fruition. The promotion of technology for development requires a collaborative effort among all the departments of governments and partnership between government and the people on one hand and the nation and international community on the other. For technology to serve as a tool for national development therefore, it cannot operate as a stand-alone policy promoted by one department of government but requires a seamless coordination across multiple stakeholders with the central government as the main driving force.
Another compelling reason for adopting technology as a major policy tool is that technology acquisition partakes of the forces of demand and supply. On the demand side, Nigeria, for example, has an almost insatiable demand for the latest technology, and with a population of about 200 million, the market is significant. On the supply side, technology supply in areas of processing all primary products requires a paradigm shift. Nigeria currently rely on supply on technology transfer through trade and investment, a process underscored by the accumulative theory. Studies have shown that the country has limited success in aiding technology transfer to developing countries. In comparison, many of the Newly Industrialising Economies (NIEs) relied on the acquisition theory which focuses on learning and mastering technologies to achieve success within relatively short term. In the quest for technology acquisition, Nigeria can leverage the vast market demand in acquiring technology.