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Wetherly and Otter: The Business Environment

Chapter 03

Technological innovation is widely regarded as an integral way for countries to improve their overall economic performance. Innovation in technology is therefore a key ingredient in fostering long term economic success, and continual investment in high tech research and development (R & D) is a necessity for countries to survive and compete in global markets. How does technological progress contribute to the continuation of economic growth, why is it important that governments support R & D, and what are the UK government’s main plans to compete in the global economy of the future?

See:
http://www.fin.gc.ca/resdev/why1_e.html

http://www.dti.gov.uk/ministers/speeches/timms010304.html

http://www.computing.co.uk/computing/news/2203166/investment-rises-per-cent-9bn

http://www.berr.gov.uk/files/file12093.pdf