technology gap

Definitions (2)

1. A time lag between the appearance of a new technology and its acquisition by a country.
2. The presence in a country of a technology that other countries do not have, so that it can produce and export a good whose cost might otherwise (if other countries had the same technology but different factor prices) be higher than abroad.

Use technology gap in a sentence

The technology gap was not that wide and we were glad to see that it was about time for it to be bought.

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A small country in Africa was forced to import most of its food products due to their technology gap in learning new ways of farming and irrigation.

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Many people speculate that China's recent rise as a superpower is because of their ability to at last close the technology gap between the United States and China by using new technology as it becomes available.

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