The fourth technology element: high-tech infrastructure

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Chapter 7 in Growth Policies for the High-Tech Economy, 2024, pp 131-153 from Edward Elgar Publishing

Abstract: Infrastructure has been a critical component of economic development since the first industrial revolution. Today, it is even more pervasive and at least as essential. High-tech industry infrastructure is also extremely complex technically and therefore requires government support to provide both the technical basis for its varied and complex elements but also for its implementation and use. Without such infrastructure, R&D could not be conducted, production would be extremely inefficient, and actual market transactions would be both slow and costly, thereby degrading value for the consumer.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
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