Technological Backwardness – Global Reality and Expected Challenges for the World's Economy
Georgian Foundation for Strategic and International Studies, Expert Opinion 70
18 Pages Posted: 31 Oct 2016
Date Written: October 23, 2016
The paper offers a new view of the process of globalization of the necroeconomy. The goal of the research is to set out the main reasons why in many (and mostly in poor) countries the economies used obsolete technologies. As a result all these countries have retroeconomy. The process of zombification of economy creates barriers for its technological updating. The role of the government is very important to resolve the problem of the technological backwardness.
Keywords: Necroeconomy, Zombie-economy, Retroeconomy, Technological Backwardness, Bankruptcy
JEL Classification: D21, D24, G33, L26, L52, M21, O14, O25, O33, O38, P12
Suggested Citation: Suggested Citation