Technological trap and its overcoming difficulties in transition economies

Abstract

TECHNOLOGICAL TRAP AND ITS OVERCOMING DIFFICULTIES IN TRANSISION ECONOMIES

The aim of this article is to examine the technological trap and its impact on the economic growth. The most important question is: how the technological trap can be a burden for the economy, especially for the countries in transition. The paper provides the definition of the technological trap, the hazards of necroeconomy and how the necroeconomy can be a significant burden for economic growth of countries in transition. Our aim is to provide some theoretical examinations from above mentioned economic issues. The paper provides different sources of the technological trap and mostly is concentrated on the technological trap in transition economies.