Rapid technological change and innovation characterises growth in several OECD countries . ICT and regulatory reform have been major factors in helping these industries to increase productivity and become more innovative. The interaction between science and industry is of growing importance to innovation. Technological progress is very rapid in fields that draw on scientific research, such as in biotechnology, new materials, and information technology. But these links differ between countries, owing in part, to different institutional and regulatory frameworks.
Networks are now a significant factor in innovation.
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