ABSTRACT

This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book addresses that the performance of an innovation system is strongly influenced by technological learning. It recapitulates the points that should attract attention in the research, practice and policy circles. The value of innovation is greatly amplified by reaching through to the grassroots. This is particularly useful for developing economies. The appropriate utilization of knowledge is very important for economic development. In this regard, the creation of an effective domestic demand for knowledge is very crucial. A strong but accessible domestic quality infrastructure is needed to foster the potentials of producers in developing contexts to break through into the global export market. Governments need to develop the capability to identify weaknesses in market and device the instruments to exploit opportunities as they arise.