Hello..
I just said yesterday the following:
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More about "democratization" of finance..
This "democratization" of finance is also for Research and Development (R&D))..
And look at the following "democratization" of finance so that to understand:
The 4 tools making capital more abundant than it’s ever been
Read more here:
https://singularityhub.com/2018/07/19/the-4-tools-making-capital-more-abundant-than-its-ever-been/
About democratization of digital technology and technology and Research and Development (R&D) investment
This is also why i said the following:
Look at the following interesting video:
Can South Korea lead global innovation in Fourth Industrial Era?
https://www.youtube.com/watch?v=XUw8gCShEcI
But i think that this minister of education, science and technology
of south Korea looks somewhat archaic since he is not taking correctly
into account the democratization of digital technology and Technology that permits you to economically grow very rapidly and much cheaply than using "expensive" Research and Development (R&D) investment, so i think that he is not correctly adapting to the realities, because the economic realities have very much changed, since also our era of globalization has been characterized by the democratization of technology, democratization of finance, and democratization of information.
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Here is more proof of what i am saying:
2. Question: What do you mean by “Democratizing Innovation”?
Eric von Hippel:
The tools for designing high-quality innovations are getting so cheap and so ubiquitous that individuals can innovate for themselves at a steadily higher quality and at a steadily decreasing cost. These sophisticated modern tools are computer-based, and require relatively little training and practice. As a result, even hobbyist users find they can use them to design new products and services.
Read more here:
Democratizing Innovation: The Shift of Innovation to Users
https://www.ideaconnection.com/interviews/00010-Democratizing-Innovation-The-Shift-of-Innovation.html
Thank you,
Amine Moulay Ramdane.