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The fourth technology element: high-tech infrastructure

In: Growth Policies for the High-Tech Economy

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Abstract

Infrastructure has been a critical component of economic development since the first industrial revolution. Today, it is even more pervasive and at least as essential. High-tech industry infrastructure is also extremely complex technically and therefore requires government support to provide both the technical basis for its varied and complex elements but also for its implementation and use. Without such infrastructure, R&D could not be conducted, production would be extremely inefficient, and actual market transactions would be both slow and costly, thereby degrading value for the consumer.

Suggested Citation

  • ., 2024. "The fourth technology element: high-tech infrastructure," Chapters, in: Growth Policies for the High-Tech Economy, chapter 7, pages 131-153, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:23222_7
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035330584.00012
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