The Mismeasure of Technology
"... governments promote schooling, free trade, property rights, social programs, and the Internet, and yet their countries’ economies remain stuck. If technology is just devices and ideas, what is holding them back?
The problem is that a key component of technology is knowhow, which is an ability to perform a task. And knowhow, unlike devices and ideas, neither involves nor can be acquired through comprehension....
Technology has trouble diffusing because much of it requires knowhow, which is an ability to recognize patterns and respond with effective actions.
Read more at http://www.project-syndicate.org/commentary/ricardo-hausmann-explains-why-technological-diffusion-does-not-occur-according-to-economic-theory#90fdEP66wAAVqzDD.99
Read more at http://www.project-syndicate.org/commentary/ricardo-hausmann-explains-why-technological-diffusion-does-not-occur-according-to-economic-theory#90fdEP66wAAVqzDD.99
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