Economic Development Through Research and Innovation
Economic development policies on national and super-national levels (such as the European Union) have embraced investments in science, research, and new technologies as the preferred tool for improving global competitiveness and sustaining high levels of economic growth. The idea behind these policies is that higher levels of finance for science, research and academia especially in new fields such as life sciences and information and communication technologies will translate (leveraging the market forces of globalization) in higher and sustainable economic growth.
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