A major evolution of the research system has taken place in the Asian region. Taiwan, as an emerging economy, has systematically upgraded its knowledge production and international academic collaboration during recent decades. Within this broader context, this research aims mainly to investigate the contemporary development of knowledge production…

Various studies show that higher education institutions contribute to regional economic development by R&D, creation of human capital, knowledge and technology transfer, and by creation of a favourable milieu. It is brought out that the basic procedure is to sum expenditures of the college community (students, faculty, staff and visitors)…

The focus of this paper was on the roles of Higher Education Institutions (HEIs) especially universities in economic development, paying particular attention to the challenges and prospects of the Nigerian Universities. The role of higher education as a major driver of economic development is well established, and this role will increase as…

The acceptance of new growth theory relates, in part, to a number of highly touted regional success stories--or what I term "Knowledge Based Economic Areas" (KBEAs) in this and past essays. The United States, and California in particular, is viewed as perhaps the most robust creators of KBEAs, providing an influential model that is…

China aims to become an innovation-led nation by 2020, but its leadership is generally sceptical--and oftentimes hostile--to the market forces, open exchange of ideas, and creative destruction that have unlocked innovation in other countries. Instead, Beijing hopes to promote innovation in China through a massive expansion in higher education,…

Merit Goods have always received handsome attention and allocation from countries which have witnessed a congruence between high significant economic growth and Human Development Index (HDI). The Emerging Market Economies (EMEs) have become significant manufacturing hubs by universalizing education and improving their Incremental Capital Output…

The transfer of academic technologies to industry is an important process underpinning innovation and economic development. Various approaches have been adopted by universities to encourage academics to participate in commercial activities. Many have implemented revenue sharing policies, through which the revenues generated from university-owned…

There is a growing consensus that the United States and its regions, including the Midwest region, will increasingly compete on innovation. This also is widely recognized in the business world. There is also growing consensus that innovation talent--the human talent to drive and support innovation--will be a major key. Despite this consensus,…

In the 12th Five-Year Plan (2011--2015), the Chinese Committee of Science, Technology and Education, the main body for the central government's innovation policy, highlights the strengthening of the scientific--technological base and the upgrading of domestic innovative competences, and places the industrial focus on seven new strategic…

Research and development drives innovation and innovation drives long-run economic growth, creating jobs and improving living standards in the process. University-based research is of particular importance to innovation, as the early-stage research that is typically performed at universities serves to expand the knowledge pool from which the…

The emerging field of nanotechnology has created a new frontier for the convergence of university and industrial research. In the United States, major federal investments provided a massive boom for this field over the decade. This paper reports on a case study of how the University at Albany came to establish the first college of nanotechnology…

The actual infrastructure of the information society sustains the globalization trend and increases the importance of the information and knowledge. The development of the knowledge society is the direct consequence of the mix of economic, social and cultural processes, which involve the knowledge creation and its equitable distribution, access…

Russian science is experiencing processes of personnel aging and stagnation, which are disrupting the continuity of the generations and are limiting prospective workers' opportunities for professional and career growth. The decline in the prestige of science work, the exodus of specialists into other, more attractive segments of economic activity…

The current and still-evolving role of the American research university has been shaped by four key developments in the past sixty-five years: the historic decision to establish a comprehensive postwar federal science policy, described in Vannevar Bush's 1945 report, "Science, The Endless Frontier;" the Bayh-Dole Act of 1980; economic analyses…

Higher education and public research play an important role in economic development, mainly in industrial research and development (R & D) and innovation through the manufacturing sector. Finland has taken great strides in this regard as it represents a Europeanization of a knowledge system in the European Union, being relevant at the…