International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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ECONOMIC GROWTH AND TECHNOLOGICAL INNOVATION

    1 Author(s):  ARUN KUMAR MISHRA

Vol -  8, Issue- 8 ,         Page(s) : 160 - 163  (2017 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

This article deals with the relationship between innovation and economic growth in the context of developed world. Innovation is often seen as carried out by highly educated labour in R&D intensive companies with strong ties to leading centers of excellence in the scientific world. Another way to look at innovation that goes significantly beyond this high-tech picture. In this, broader, perspective, innovation – the attempt to try out new or improved products, processes or ways to do things – is an aspect of most if not all economic activities. In this sense, it is argued innovation may be as relevant in the developing part of the world as elsewhere.

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