If such goal can be achieved, it will undoubtedly be conducive to the development of the world economy. But now it seems that US does not have the willingness to fulfill its commitments. By technology transfer, developed countries have been continuously gaining substantial returns.
Through such means as patents grant and franchising, developed countries have made huge profits with their technologies applied in the developing economies. Some of the profits were in turn re-invested for research and development (R&D), forming a “perfect cycle” for the technological advancement of the developed countries. Besides, many of the technologies were tested through application in the developing countries.