Answer question 1 on page 679 (eBook: p.647) under "Problems", Chapter 32 - Long-Run Growth. You can find the question in this Book: Principles of Economics tenth edition Case Fair Oster

1. One way that less developed countries catch up with the growth of the more developed countries is by adopting the technology of the developed countries. On average, however, developed countries are capitalrich and laborshort relative to the devel oping nations. Think of the kinds of technology that a typical developing country with a short supply of capital and a large marginally employed labor force would nd when \"shopping\" for technology in a more developed country. As a hint, the Japanese have developed the eld of robotics such as assembly line machines. Such machines are designed to replace expensive workers with capital (robots) in order to lower the overall cost of production. In what ways does it help a developing country to transfer and use a new technology in its country? What are the costs