Why do some countries excel over others in science and technology?
Progress in science and technology is essential for the advancement of economies and markets worldwide. This research question is considered one of the most important for policymakers today, yet it is also one of the least understood. It involves understanding what makes some countries excel over others in science and technology. Could the answer be related to a specific political policy adopted by the governing authority? Or does it have to do with the presence of skilled human capital and financial resources in a particular country? Perhaps it is linked to the size of the market, the diversity of sectors and industries, or the quality of education and societal culture.
To answer this complex question, we will explore the scientific perspectives presented by Mark Taylor in his book “The Policy of Innovation,” where he contributed to solving this puzzle by addressing three crucial questions: First, what encourages a state to innovate? Second, how can countries innovate? Third, why do some countries innovate better than others in science and technology over the long term?
Source: Akhbar Alkhaleej
Ali Faqeeh, Research Associate