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Science, Technology and Development: Emerging concepts and visions

Luc Soete

No 2008-001, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: This paper analyzes the impact of globalization on the allocation of public and private resources for research, knowledge creation and diffusion. We argue that while the concentration of research investments remains in a relatively small number of rich countries and regions, the focus of such activities is increasingly global. From this perspective the international business community is becoming increasingly concerned about the sustainability of its long term growth based on relatively low growth at the high end of the market in comparison to rising demand amongst lower income groups, located primarily in developing countries. Building on this analysis, the paper outlines a vision of innovation for development that could lead to a truly new research programme for innovation studies and the development of successful innovation-for-development strategies.

Keywords: Economic Development; Science and Technology; Research and Development; Diffusion of Technology; Investment; Innovation; Developing Countries (search for similar items in EconPapers)
JEL-codes: O14 O16 O19 O25 O32 O33 (search for similar items in EconPapers)
Date: 2008
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