Technology Promotes Development:
The Growth Report 2008 identified key factors for growth;

engagement with global economy
Specialising exports
Transfer of key technologies

Of the 13 countries that showed the most sustained growth, they had all absorbed knowledge from the rest of the world. It showed that knowledge gained from the global economy is the basis of economic catch up and sustained growth.

Innovation and Higher Education:
In order to develop countries need to invest in innovation and education to ensure growth is sustained.

Patents - exclusive right of ownership and possession of intellectual property e.g. James Dyson invented...
Higher education - university education is needed for long term economic development

In 2012, 312,000 patents were granted around the world, more than a 1/3 of them in Japan. Just under a 1/3 were granted in the US.

Intellectual property rights are rights given to people to protect the things they have created using their minds. There are two types of intellectual property rights; copyright and industrial property.
Copyright protects the written words, music, performance, art and media productions. Normally copyright is protected for 50 years after the death of creator.
Industrial property protects trademarks, geographical origins (e.g. Scotch Whisky), inventions, trade secrets and designs. The inventions component of industrial property is protected by patents. Patents are normally enforced 20 years after they are granted. The patent system allows businesses and individuals to benefit from their inventions. The WTO protects intellectual property rights through the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS). However it has been criticised for enforcing the movement of money to from the developing to the developed world where most copyrights and patents are held. It has also been accused of creating artificial scarcity - e.g. a copy of Office 2007 costs a few pence to put onto a CD but sells for £100 or more/ibuprofen costs a few pence to make but sells for £3/£4. Software and drugs companies argue that they need to maintain high prices to cover the cost of research and development.

	Erstellt von Caitlyn Grayston vor mehr als 7 Jahre

A-Level Geography (A Level Technological Fix) Notiz am Technological Leapfrogging, erstellt von Caitlyn Grayston am 02/06/2017.