Economic Growth, Technology Trade and R&D (original) (raw)

This paper examines the interconnections between economic growth, technology trade, and research and development (R&D), emphasizing the pivotal roles of information and communications technology (ICT) in enhancing productivity and facilitating global trade in services. It highlights the elastic characteristics of ICT and services that respond favorably to income changes, reinforcing the idea that globalization positively impacts both producers and consumers. Furthermore, it underscores the importance of a conducive financial system and good governance in maximizing the benefits of ICT investments and driving economic reforms.