World competitiveness and technology

Abstract

In addition to the challenges which the Reconstruction and Development Programme (RDP) poses to South Africa, the country must also be aware of the changing global environment, especially the increasing importance of economic security as a component of national security. The concept of competitiveness is manifested as a goal to be pursued in order to negotiate the emerging global economic struggle. Technology is an important driver of economic prosperity and of the most important keys to international competi­tiveness. Technological innovation is the process through which technology must be leveraged to obtain this. It is necessary that technology, and specifically technological innovation be managed in a formal way, both on the national and company levels.