Title: Management of technology and responsive policies in a new economy

Authors: Tarek M. Khalil, Hazem A. Ezzat

Addresses: International Association for Management of Technology, PO Box 248294, Coral Gables, FL 33124-0623, USA. ' Powertrain Systems Research Lab, General Motors, R&D Center M/C 480-106-354, 30500 Mound Road, Warren, MI 48090-9055, USA

Abstract: Proper management of technology is what creates wealth for nations, companies, and individuals. It forms the foundation for economic growth and determines national and organisational competitiveness, particularly in an increasingly global and fiercely competitive marketplace. The distinction between developed and developing economies lies primarily in the ability to effectively manage resources and technological assets. In order for developing countries to avoid being marginalised, they must formulate strong public policy, and their companies must improve the way they manage technology and innovation. This paper discusses globalisation, competitiveness, and the risk of marginalisation of developing nations in the emerging new economy. It also discusses the responses in public policy needed, with emphasis on human resource development.

Keywords: technology management; competitiveness; wealth creation; human resource development; HRD; developing countries; developing economies; technology policy; resource management; public policy; innovation management; globalisation; marginalisation.

DOI: 10.1504/IJTM.2005.006820

International Journal of Technology Management, 2005 Vol.32 No.1/2, pp.88 - 111

Published online: 15 Apr 2005 *

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