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The Critical Role of R&D in High-Tech Export Competitiveness: Innovation as the Key Driver of Economic Growth

Authors

Candauda Arachchige Saliya

Department of Business Management, SLIIT Business School, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka (LK)

Article Information

DOI: 10.51583/IJLTEMAS.2025.140300053

Subject Category: Technology and Economic Growth

Volume/Issue: 14/3 | Page No: 472-478

Publication Timeline

Submitted: 2025-04-19

Published: 2025-04-18

Abstract

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.

Keywords

High-tech exports, Research and Development (R&D), Innovation, Global competitiveness, Economic sustainability, applied research, Process innovation, Foreign direct investment (FDI), Trade policies, Market-driven R&D

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References

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