Consequences of Globalization of Research and Development on the Economic Development of Countries
Subject Areas : Research and Development Management
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Keywords: Globalization, R&D, Economic Development, Networking Economy,
Abstract :
Research and development have come to a global shape with developing information technology and communicating networks. Also advancing the science and especially engineering is going to be practical that leads cooperation among industries, researchers, and organizations. Since accessing to the new technology and economics development in developing countries leads to large investments and development in the area of research, so these countries must try to obtain major technologies using foreign investments and then try to develop them using their own innovation. Therefore, globalization of research and development by ultra-national organization and decentralization of research and development units will result in the economic development. It seems that globalization can be a solution to the most of the economic problems. Nowadays, global economy is organized based on the information process management and networks, so that a new version of international economy in different theories can be imagined. Economy is a scientific network organized by information control paradigm and assessed by different variables. This method provides effective management mechanisms for the formation of a new version of different economies. In this way, the economic processes will be modified and a new version of economic relations would emerge. Meanwhile using information technology will lead to business development, facilitating economic relationships and providing the possibility of different activities for the organization. There is also a meaningful a correlation between the highly developed countries and the countries with large investments in research and development. So the importance of developing research and development is highlighted for the developing countries. This article will discuss the consequences of globalization of research and development on the economic development of countries, as well as the obstacles and opportunities resulted from that; like better production, job opportunities and higher income in developing countries. It also reviews the important factors which can lead to the development of economic network.
