Importance of knowledge (skills) and technology transfer in the private sector

Foreign Direct Investment is essential to any country, especially developing countries. however, the most important aspect of trade relationships are the transfer of technology and skills so that the locals may develop managerial skills and innovation in order to sustain and develop the country´s private sector, which leads to socio-economic growth.

Please write an analytical 4 page paper on the impact tech and knowledge (managerial skills etc.) transfer has on a developing country´s socio economic growth. NOTE: this 3 pages will be part of my thesis which is on China-Angola Trade Relationship. focus on transfer of skills and technology from foreign investors as it pertains to the development of the local private sector in efforts to reach socio-economic growth in the long run.

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