While it would be superfluous to harp on the importance of research and development in knowledge based industries (KBIs), the issues of focus cannot be overstated.
We know that the market is indeed hungry for the entire spectrum of knowledge based products ranging from aerospace and ICT products to precision and scientific tools. The more intensive the use of high technology, the greater reliance will be placed on R&D advances. We would imagine that from the vantage point of strategic policy the state’s focus will be on sustainable development. Read More
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