Question
One of the important features of the New Growth Model is the mechanism by which technology is transferred from one firm to another within an
One of the important features of the New Growth Model is the mechanism by which technology is transferred from one firm to another within an industry in a single country and then across international borders. One group of economists working on this model contends that the development of new technology in industrial countries is passed on to other countries quite slowly so that there is little tendency for convergence to take place.
Required: Cite a concrete example of this scenario that has happened in the economy of 3 Asian countries over the past decade. (Note: observe proper citation in your output)
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