CLEAN : South Africa thinks big for Durbans

The transcript discusses the need for adopting the latest technologies to remain competitive globally. It highlights the challenges faced by developing countries in infrastructure development due to insufficient long-term financing and foreign direct investment. The speaker emphasizes the importance of creative development and innovation to overcome these challenges.

What is necessary for a country to remain competitive on a global scale?

• Limiting international trade

• Reducing educational standards

• Increasing population growth

• Adopting the latest technologies

What does the speaker imply is overdue for the country?

• A reduction in technological advancements

• The adoption of outdated technologies

• The implementation of the latest technologies

• A decrease in global competitiveness

What is one of the main challenges faced by developing countries in infrastructure development?

• Excessive foreign aid

• Overabundance of natural resources

• High levels of technological advancement

• Insufficient long-term financing

Why is foreign direct investment important for developing countries?

• It increases the local tax burden

• It leads to a decrease in employment

• It supports investment in capital stock

• It reduces the need for local businesses

What does the speaker suggest is still being created?

• Traditional methods

• New challenges

• Old problems

• Innovative solutions