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Explain the following terms and concepts: technology invention and technology innovation, brain drain, brain gain; Explain how technology is applied to economic development; Describe the

  1. Explain the following terms and concepts: technology invention and technology innovation, brain drain, brain gain;
  2. Explain how technology is applied to economic development;
  3. Describe the preconditions per successful technology transfer and diffusion;
  4. Explain the concept human capital;
  5. Explain how human capital investment combine with R& D to drive the knowledge era of the Twenty First Century; and
  6. Examine the problems of the current educational system that restricts tertiary educational development and skills/vocational training.

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