Got a tricky question? Receive an answer from students like you! Try us!

Role of Basic Research in Technological Change - Essay Example

Only on StudentShare
Pages 10 (2510 words)


Linguistically the word "technology" traces its roots in the Greek words tekhne meaning "craft" and logos meaning "say". Hence it is the art of using one's craft. Technology as a field is so vast that it is almost impossible to have one all-encompassing definition for it…

Extract of sample
Role of Basic Research in Technological Change

In the modern times technology has become an essential part of society, especially in economic terms. As noted in the Science magazine issue of 23 October 1998, "technology companies founded in just the last 30 years have created an aggregate capital value of close to a trillion dollars, making technology a major engine driving the U.S. economy".[1].
These technological developments owe their success to research which, in turn, is of two types; namely basic research and applied research. Basic research essentially aims at improving knowledge and theoretical understanding of a subject. It is exploratory in nature without any specific end in mind and motivated by the researcher's curiosity. Applied research is founded on basic research but does not seek to gain knowledge for its sake. It is carried out with some specific aim in view. An example of genetic-codes will help put the difference between the two in perspective. Unscrambling the code just for the sake of knowledge would be basic research. But using that knowledge to alter the code in a way to find a cure for cancer would be applied research. ...
Download paper
Not exactly what you need?

Related Essays

Technological development
In classrooms in many parts of the world, today's first-graders do their addition problems behind a computer screen and middle-school students conduct research via the Internet, rather than at the local libraries. Such innovations expose children to computers and give them a basic understanding of their use, but few teachers use technology to its full potential, leaving the students and society at a disadvantage.…
7 pages (1757 words)
Technological Change and Innovation
Since the industrial revolution, technology has caused accelerated changes in society, first reshaping the face of agriculture and trade-based economies and transforming the world into manufacturing-oriented societies. The 20th century saw the dominance of three so-called engines of change that led to global economic growth and change: management, capital markets, and technology (Micklethwait and Wooldridge, 2002). These three engines are directed by the firm engaged in technology acquisition (Drucker, 1985).…
10 pages (2510 words)
Implications for Science, Technology and Innovation
However, the innovative course of action is not constrained to the advanced technologies alone. The innovations being introduced in diversified disciplines of science such as biotechnology and nanotechnology, however, are not recognized while conversing on the theme of technological developments.…
10 pages (2510 words)