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EN
The article analyses the economic situation of the least developed countries before and after the global financial crisis, which began in the autumn of 2008. In the first part the economic situation of these countries before the crisis is shown, which appears to be very beneficial for them. They experienced fast economic growth and fast export growth, increase in foreign currency reserves and decrease in negative balance of trade and foreign indebtedness. The global financial crisis reversed the situation. The rate of GDP decreased, export diminished in value and the Terms of Trade deteriorated.
EN
The article concerns the transfer of technology to the least developed countries. In the theoretical part, the variants of technological dependency of the given country from abroad are analysed. There are also examined the possibilities of improving the technological level of a given country with the aid of technology import. At the beginning, the main channel of technology transfer must be import of machinery and equipment. To make this channel work effectively many conditions must be fulfiled and this appears to be difficult in case of LDC. The Foreign Direct Investments can contribute positively to increase the efficiency of this technology diffusion channel. In the empirical part of the article the volume and channels of technology transfer to the LDC are analysed. The statistical data corroborate the predominant role of machinery and equipment and marginal role of licences. The import of machinery and equipment, however, does not contribute sufficiently do technological upgrading of the LDC. The foreign investors and the LDC themselves are guilty for this.
EN
The paper analyses the mechanism of the fast economic growth, which took place in the least developed countries (LDC) in the years 2002–2007. This fast growth was exportled- growth. As the result of this growth the dependence of LDC’ economies on external resources increased significantly. This is dangerous because the prospects for the global economy in the near future are not good. Therefore, there are necessary changes in the actual economic order concerning trade, finance and aid. These changes should stabilize the growth in the LDC in the future.
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