Critical Thinking Question 3 Instructions Governments invest

Critical Thinking Question 3 Instructions Governments invest in education and infrastructure for their citizens, in part to gain a in world markets. Could a government inve st too much in education? Could a government invest too heavily in technology? What are the key technologies or services that would give a country more of a competitive advantage in today\'s markets?

Solution

Part 1 - Yes, Government should invest in education and technology.

Government always invest in different sectors in a proper allocation way but in recent time, technology and education are top most sectors to invest in besides defence sector.

Education and technology is the future of a country. Without this, no one can imagine the better future.

Education helped the people to innovate more and more to make country technologically sound.

Education and technology changed the way the people live.

Hence looking at the recent environment government should invest in education and technology but more than any other sector and not too heavily.

Part 2 - Some key Technologies or services giving more competitive advantage

1) Technology making Entry Barrier - Due to this, one country can avoid competition since, consistent innovation keeps the country\'s head ahead in the market and no newcomer can easily beat the established market. For example, consistent innovation by google created entry barrier. Innovation like Google+ etc. Always keeps google ahead.

2) Information communication technology (ICT) - it gives the country the much relevant information about climate

3) Space Technology - In todays time, innovation in space technology shows the power of a country. Top 5 countries in space technology are U.S.A., Russia, France, U.K., India.