Lack of absorptive capacity in developing countries results from ?
Correct answer: E. All of the above are correct
- A. inadequate government bureaucracy
- B. small size of infrastructure
- C. too few innovative entrepreneurs
- D. unsuitable technology
- E. All of the above are correct
Explanation
Absorptive capacity depends on institutions, infrastructure, entrepreneurial and technical skills, and suitable technology. Inadequacies in all the listed areas can limit a developing country’s ability to adopt and use new technology.
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About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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