The Critical Role of R&D in High-Tech Export Competitiveness: Innovation as the Key Driver of Economic Growth

Candauda Arachchige Saliya
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Candauda Arachchige Saliya: Department of Business Management, SLIIT Business School, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka

International Journal of Latest Technology in Engineering, Management & Applied Science, 2025, vol. 14, issue 3, 472-478

Abstract: Research and Development (R&D) plays a pivotal role in driving high-tech exports, serving as a key determinant of a nation's global competitiveness and economic growth. While factors such as infrastructure, trade policies, human capital, foreign direct investment (FDI), and financial support contribute to high-tech exports, continuous innovation remains the primary driver of success. Efficient infrastructure, favorable trade policies, and skilled labor enhance a nation's export potential, but while infrastructure and trade policies create enabling conditions, only sustained innovation—fueled by R&D—translates these foundations into competitive advantages in high-tech export markets, these factors alone cannot ensure long-term competitiveness. Various types of R&D—including applied research, product development, process innovation, collaborative R&D, and market-driven research—are essential in fostering technological advancements, improving cost efficiency, and aligning with global consumer trends. A strategic and well-integrated R&D ecosystem enables firms to sustain their competitive advantage and expand their footprint in the global high-tech market. To achieve long-term economic sustainability, nations must prioritize R&D policies that foster innovation, ensuring resilience and growth in an increasingly technology-driven world.

Date: 2025
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