education, Higher education, technology, Technology innovation
Higher Education and Technological Advances as Countries Develop

"(I)n order for poorer countries to continue to grow at fast rates, they must move beyond specialization in goods produced with relatively unskilled labor. They need to upgrade the goods they produce by utilizing more advanced technologies, and more skilled workers and entrepreneurs. At first, most advanced technologies are imported from other countries, but eventually developing nations need to produce themselves many of the technologies required to upgrade and expand their production. To accomplish this last great stage of economic development, both public policy and private households and businesses must begin to emphasize higher education, and other ways to greatly improve the advanced human capital of working men and women.:

Gary Becker, The Becker-Posner Blog, 09/05/2010

Added by View user profileJohn Daly on September 9, 2010