SCIENCE, TECHNOLOGY AND

DEVELOPMENT COMPONENTS
 RECEIVED THEORY

IMPROVEMENT VALUE/ MORE AND BETTER FOOD

WEALTH IMPROVED
LAND
CREATION MORE AND BETTER HEALTH
CAPITAL WELFARE
(MORE
LABOUR AND
IMPROVED MORE AND BETTER EDUCATION
FINANCE PROSPERITY
PRODUCTS
AND OF A NATION MORE AND BETTER AMENITIES, ETC
SERVICES)
PERFORMANCE
DYNAMIC THEORY OF ECONOMIC DEVELOPMENT

KNOWLEDGE IMPROVEMENT VALUE/ MORE AND BETTER FOOD

LAND
WEALTH IMPROVED
CREATION MORE AND BETTER HEALTH
CAPITAL WELFARE
(MORE
TECHNOLOGY AND MORE AND BETTER EDUCATION
IMPROVED
LABOUR PRODUCTS
PROSPERITY
AND OF A NATION MORE AND BETTER AMENITIES, ETC
FINANCE SERVICES)
INNOVATION PERFORMANCE

This is a post-World War II discovery

MAIN THRUST/ARGUMENT IN THE COURSE

We will argue in the course that:

Knowledge, Technology and Innovation are
strategic resources for successful and competitive
economic development. They are MUST HAVE and
MUST ACQUIRE resources for development.

If Knowledge, Technology and Innovation are

strategic resources for development, then
productive units MUST be centrally concerned
about their SOURCING.
SOURCES OF TECHNOLOGY
There are two main sources of acquiring technology
1. INNOVATION – Creating technology by yourself: research,
development, prototyping and production. Developed
countries do this a lot – they have the capacities for so
doing.

2. TECHNOLGY TRANSFER - Importing and buying

technology from the outside countries -/technology
transfer process. This is a source commonly used by
developing countries as they do not have  local capacities
to create technology locally.   
And oftentimes, the Technology Transfer process takes place within
the context of Investment and Trade.
We will also argue that:
Efficient Management of Technology Transfer
and of Efficient Management of Innovation
Process is key for the efficient integration of
technology into the process of development
 In turn Efficient Management of Technology
Transfer and Efficient Management of Innovation
presupposes,  into inter alia:
i. Development and efficient use of Technologicaly
and Managerial Capabilities within the country.  
ii. Development and implementation of explicit STI
Policies for Technological Development.
 So then, the focus of this course is on:

1. TECHNOLOGY:
IMPERATIVE TO
DEVELOPMENT

Source of Technology Source of Technology

2. TECHNOLOGY 3. INNOVATION
TRANSFER /TECHNICAL CHANGE

Requirements for Requirements for

Efficient TT and Innovation Efficient TT and Innovation

5.
4. TECHNICAL
TECHNOLOGY
CAPABILITY
POLICY
TERMS AND TERMINOLOGIES
 Technology
 Technological Development 
 Technique
 Technical Change 
 Technology Transfer 
 Technology Assimilation 
 Technology Absorption 
 Technological Capability 
 Technology Policy
 National Innovation System
Open Innovation 
Co-Innovation (Co-Creation)