Why fundamental research is essential for technological progress in the long term ...United Arab Emirates

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Why fundamental research is essential for technological progress in the long term
In the era of exponential technologies and knowledge economies, the future is no longer a simple linear extrapolation of the past. Countries do not lead by their size and geography but by their capacity to innovate. South Korea, Japan, Singapore, and Switzerland are a few examples. The history of the United States is rich with lessons. Innovative entrepreneurs built the country over the last two centuries. Innovation creates jobs, enhances competitiveness, and accelerates economic growth. Two-thirds of the UK’s private sector productivity growth between 2000 and 2007 was a direct result of innovation. After the Second World War, the US realised before any other nation, the importance of un

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