The Impact of Globalization on the World’s Poor pp 191-203 | Cite as
The Role of Information in Technology Adoption under Poverty
Abstract
One of the major approaches to reducing the world’s poverty is to promote the adoption and diffusion of new technologies in less developed regions. The Green Revolution, by introducing new seeds and intensive agriculture, helped millions of people out of poverty. Efficient irrigation systems such as sprinkler and drip irrigation not only improve productivity but can also help to preserve scarce water resources. Biotechnologies and genetically modified foods have the potential to increase food production significantly in developing countries. Globalization has the potential to make new technologies available to developing countries. However, it is the successful adoption and diffusion of these technologies that will eventually determine whether developing countries can truly benefit from the globalization process.
Keywords
Equilibrium Strategy Technology Adoption Early Adopter Adoption Rate Farm TypePreview
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