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“Absorptive capacity […] also means having simple thing like education. Having a reservoir of highly educated people, which China had for a long time. It means the type of education which shouldn’t be too abstract and oriented towards classical literature or history, but more towards technology, towards business, towards practical applications. For instance, this is typical for the United States, which was a catch-up economy in the nineteenth century which had more technical agriculture oriented education compared to the hybrid classical education in the United Kingdom.” Adam Szirmai, Professor of Technology and Development Studies.
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