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The Economics of Science and Technology - An Overview of Initiatives to Foster Innovation, Entrepreneurship, and Economic Growth (Hardcover, 2002 ed.)
Loot Price: R3,013
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The Economics of Science and Technology - An Overview of Initiatives to Foster Innovation, Entrepreneurship, and Economic Growth (Hardcover, 2002 ed.)
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Science and technology have long been regarded as important
determinants of economic growth. Edwin Mansfield (1971, pp. 1- 2),
a pioneer in the economics of technological change, noted:
Technological change is an important, if not the most important,
factor responsible for economic growth . . . without question, [it]
is one of the most important determinants of the shape and
evolution of the American economy. Science and technology are even
more important in the "new economy," with its greater emphasis on
the role of intellectual property and knowledge transfer.
Therefore, it is unfortunate that most individuals rarely have the
opportunity to explore the economic implications of science and
technology. As a result, the antecedents and consequences of
technological change are poorly understood by many in the general
public. This lack of understanding is reflected in a recent survey
conducted by the National Science Board (2000), summarized in
Science & Engineering Indicators. ' As shown in Table 1. 1, the
findings of the survey indicated that many Americans, despite a
high level of interests in such matters, are not as well-informed
about technological issues as they are about other policy issues.
As shown in the table, individuals self assess, based on a scale
from 1 to 100, their interest in science and technology policy
issues as being relatively high, yet they self assess their
knowledge or informedness about these issues relatively lower.
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