AG 201 Introduction to Agricultural Science and Technology Innovation System The Innovation concept : This refers to the process of creating and putting into use combinations of knowledge from many different sources. This knowledge may be brand-new, but usually, it is a new combinations of existing knowledge. To be termed innovation, the use of this knowledge has to be novel to the farmer or the firm, neighbours and competitors, but not necessarily new globally. It could also mean, change in practices, in the established way of doing things; technological, organizational, or institutional . It means also, the use of new knowledge or new use of existing knowledge and its application for social and/or economic use. Innovation is the search for development, adaptation, imitation and adoption of technologies that are new to a specific context, (Hall and Dijkman, 2006). Innovation in agriculture is defined as a process by which farmers and farms accept and use agricu...
CHINA SPENT $279B ON RESEARCH IN 2017 – MINISTER China spent $279b on research in 2017 unn.edu.ng China’s total spending on research and development is estimated to have hit 1.76 trillion yuan (279 billion dollars) in 2017, a year-on-year increase of 14 per cent, China’s Minister of Science said on Tuesday.“China needs to enter the ranks of innovative countries and become a big technological innovation power by 2050.“Basic research and frontier exploration is the big lesson that must be done now,” Minister Wan Gang told a news conference.China has been trying to ease its dependence on low-end heavy industries and to develop less-polluting ways to promote economic growth and move up the global value chain.The 2017 spending amounts to around 2.1 per cent of total Gross Domestic Product.This compares with around 2.8 per cent in the United States, 2.9 per cent in Germany and 3.3 per cent in Japan, World Bank data for 2015 shows.China’s annual research and spending has risen...
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