How Does Science Affect The Economy

1268 Words6 Pages
How does Science Affect the Economy Schiller International University Name: Frank A. Lloyd Professor: Dr. Hartman Abstract In this paper I will discuss several aspects of scientific and technological development which have had positive impact on the economic growth, especially in the recent years - renewable energy, the internet and the miniaturization of computer technology. Further, I will point out a significant side effect of scientific progress such as brain draining and its negative economic effect on the developing countries. Introduction Scientific advances and technological change are important drivers of current economic development. Spreading and utilizing knowledge have become a main sources of competitive advantage and wealth. Some of the main features
Open Document