Economics of Science and Technology

Developments in science and technology play an important role in improving the living condition of mankind. It helps in obtaining increasing return to scale and mass production. Research in medicine, industrial products, agriculture and climatic conditions have opened up new opportunities and exposed several challenges. The economic growth of nations differ by the growth in total factor productivity, which is function of degree of emphasis on innovations, capacity to absorb new technology, process developments towards reducing cost and energy consumption and efficiency gains in input utilisation. Technological interventions in health and education sector have increased the gainful life of human being. Space research and advanced technologies of satellite and aerial remote sensing, and geographical information systems (GIS) have led to generating of huge data base that have been put to use for systematic discovery and management of natural resources, weather forecasting, crop forecasting and fishing zones, which is facilitated by supercomputing capabilities. Developments in bio-informatics and genetic engineering are opening up new vistas in preventive healthcare. Advent of internet has greatly helped in sharing and diffusion of knowledge. Project development and management of large body of technocrats working in tandem are no more required to be physically present for interaction. Ideas can be shared in real-time and instant decisions are possible. This has made the world highly competitive and demanding. CGDR explores such developments and provides insight in respect to:

1. Scientific Discoveries
2. Technological Innovations
3. Climate Change
4. Weather Conditions
5. Anthropology
6. Diffusion of Knowledge