Many believe that technology is very costly to create, but cheap to transfer. For example, think of the personal computer: The technology underpinning the personal computer took a generation of time and a ton of money to create. However, now that the personal computer has been created, it is easy for others to purchase and reap the benefits. The U. S. has traditionally been more apt to create new technology whereas China has traditionally been more apt to adopt technologies created elsewhere. These observations imply that growth: should be slower in a country that has to engage in the creation of new technologies and faster in countries that get to deploy technologies that have already been created elsewhere. convergence will be unlikely to occur between rich and poor countries. should be faster in a country that has to engage in the creation of new technologies and slower in countries that get to deploy technologies that have already been created elsewhere. convergence cannot occur easily because there are obstacles to technology transfers.