What it takes for Economic Growth.doc - Surname 1 Name Instructor Course Date What it takes for Economic Growth Competition from low-wage countries who

What it takes for Economic Growth.doc - Surname 1 Name...

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Surname 1 Name: Instructor: Course: Date: What it takes for Economic Growth Competition from low-wage countries who harbor skilled forces have a better chance at hitting their business jack spot than those with high wage levels like Europe with less research intensive mechanisms. Research and development are key factors to improving economic growth. Discarding research and development leads to a consequence of inferior growth. Low-tech industries also play a big role in the provision of jobs and value added in Europe. There is a close inter-relation between the high and low-tech industries like the latter, buy the products high-tech firms have to offer and also are stakeholders in the innovation of high-tech firms. The author provides the European policy agenda as his basis of the argument. The paper holds empirical evidence to showcase the relationship between the high and low-tech industries. The policy agenda also advocates the importance of low-tech firms as the former
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  • Fall '16
  • jedd
  • Economics, gross domestic product, low-tech industries

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