Patterns and Sources of Technological Progress
- 15 February 2001
- book chapter
- research article
- Published by Oxford University Press (OUP)
Abstract
The institutional conditions by which appropriate technology and human resources are effectively combined with capital accumulation for promoting industrial development are examined in this chapter. A conclusion is that government investment in scientific research and education is a necessary but not the sufficient condition. Sustained industrial development requires the organization of competitive markets that facilitate innovations by Schumpeterian entrepreneurs.Keywords
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