Universities and Industry

Basic industrialization and economic development can be managed through  effectively putting into coordinated activity the resources  of a state, broadly speaking. However, advanced economic development – at the  high income, knowledge economy end of things – really requires some input from  universities.

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What Is the Industrial Ladder?

The industrial ladder is a concept that helps to explain how and why societies move from basic, primitive economic activities up to advanced and wealthy ones. History shows that all societies begin as agricultural societies with all able-bodied people involved in collecting and preparing food, whether this is by hunting and gathering or by growing crops and vegetables.

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