Technological Innovation Systems and National Performance Essay

Technological Innovation Systems and National Performance - Essay Example This research tells that different country to show varied attention to the integration of technology within their development framework. However, contemporary research shows that there exists a direct relationship between the development of a country and the level of attention that it awards to it innovation system. Evidently, technology influences the efficiency of a country's productive activities, which in turn influences the development of a country. However, critics point out that investment in technological systems is a great expense for countries and this amount can be used for direct development. The argument is that countries that over-invest in the technology end up exhausting valuable resources that would have been used in other areas of development. From a critical point of view, innovation in technology is an expense for a country in the short-term but has many benefits in the long-term. A comparison of countries such as UK, US Germany, and Japan points out technological innovations systems has great value for any country. In this light, a difference in technology innovation systems leads to the difference in long-term performance in the world. The concept of technological innovation within countries is a topic that has generated a lot of attention in the current century. As global research bodies such as the OECD investigate the cause for global economic difference within countries, technology innovation has become a central point of focus. Innovations refer to the ability of a country to integrate technology within its infrastructure in an approach to streamline its economic operations. Evidently, different countries have shown the different level of commitment to technological development. Notably, theorists point out that the development of an economy can be measured by the amount of technology that a country has adopted within its operations. The concept of technology is historical but gained roots in the 20th century after the 1930s global re cession. At this time, countries awakened to the reality of the worst economic depression and there was pressure for countries to emerge from this crisis. At the same time, technology became a well-defined concept as different countries discovered the need to use technology to streamline their development plans.