Abstract:
A country must produce what its people want, or more, for it to develop or even to survive.
Academic knowledge alone cannot produce any tangible product on its own. This when
converted to practically useable knowledge, becomes "know how" or "technology". It is the
"technology" that produce tangible products, and thus it is the technology base that is
important for a country's physical or material prosperity. Difference between "rich" and
"poor" is the difference between their "technology bases". Basic research may, or may not,
develop "technology seed", which has to go through the phase of "development research" to
be converted to a technology, and be 'innovatively designed' to be used as 'tangible products
or processes' .
