In the early stages, industrial development needs basic human capital; the period needed to absorb simple industrial technologies is short and needs little protection or external support. At this stage, relatively non-selective educational interventions may be appropriate. As development proceeds, more difficult technologies are used and the need for more sophisticated and specialised training grows. We need to aware that technological knowledge is not shared equally among firms, nor is it easily imitated by or transferred across firms. Thus, simply to gain mastery of a new technology requires skills, effort and investment by the receiving firm, and the extent of mastery achieved is uncertain and necessarily varies by firm according to these inputs.
2014 marks the launch of the United Nations decade of Sustainable Energy for All, which calls for universal access to affordable, reliable, sustainable and modern energy for all. Energy access is a vital development goal, and the focus on energy as part of the agenda reflects energy as crucial in solving many development challenges.
The importance of universal access to modern energy services may not be clearly obvious, but its impact on developing countries are wide and far reaching, being critical to a country’s socioeconomic development. Increased access to reliable clean energy is essential for the protection of ecosystems through basic human rights such as sanitation and healthcare, as well as strengthening economies through improving access to education and improving national infrastructure. Continue reading