Abstract:
Abstract: This article is devoted to assessing the impact of technology transfer on
developing countries. The main purpose of the study is to determine the impact of
production and technology transfer on the level of growth of developing countries. In
order to achieve the goal, statistical data on research and development (R&D)
expenditures, GDP, technology transfer and innovation development for 2014-2020
were analyzed. According to the results of the study, the countries investing in
innovations have a great technological potential, which allows developing the economy
more rapidly, than by capital accumulation. The most influential indicator of
technology development is the level of spending in R&D.
