Foresighting for Development

we are living in an era of unprecedented technological change. Technology is, in turn, one of the most fundamental drivers of social and economic development. Each radical innovation, incremental improvement and new deployment of technology both enables and spurs further phases of economic and technological change, in a positive reciprocating dynamic. Some estimates indicate that innovation per se now accounts for more than half of economic growth in the advanced economies, with much of the remainder derived from incremental technological and managerial improvements that raise per capita productivity and thereby increase output and real incomes (TETQ 2002)...