The Critical Role of RD in High-Tech Export Competitiveness: Innovation as the Key Driver of Economic Growth
Year: 2025
Type: article
Abstract: : Research and Development (R&D) plays a pivotal role in driving high-tech exports, serving as a key determinant of a nation's global competitiveness and economic growth. While factors such as infrastructure, trade policies, human capital, foreign direct investment (FDI), and financial support contribute to high-tech exports, continuous innovation remains the primary driver of success. Efficient infrastructure, favorable trade policies, and skilled labor enhance a nation's export potential, but while infrastructure and trade policies create enabling conditions, only sustained innovation—fueled by R&D—translates these foundations into competitive advantages in high-tech export markets, these factors alone cannot ensure long-term competitiveness. Various types of R&D—including applied research, product development, process innovation, collaborative R&D, and market-driven research—are essential in fostering technological advancements, improving cost efficiency, and aligning with global consumer trends. A strategic and well-integrated R&D ecosystem enables firms to sustain their competitive advantage and expand their footprint in the global high-tech market. To achieve long-term economic sustainability, nations must prioritize R&D policies that foster innovation, ensuring resilience and growth in an increasingly technology-driven world.
Author: Candauda Arachchige Saliya
Language: English
Topic: Innovation Policy and R&D
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4409577479