In cases where the product has not yet been developed or has not been patented, the value of R&D is actually rooted in the human capital of the developers (L. GU, 2016)”. Explain

As forementioned, the advent of technology is a relevant double edge sword in the ongoing globalization context. For instance, a larger investment in research and development (R&D) can help better to apprehend the competitive threats of proliferation. Additionally, such “investment is designed to acquire technological innovation and intellectual property rights, which are intangible assets. In cases where the product has not yet been developed or has not been patented, the value of R&D is actually rooted in the human capital of the developers (L. GU, 2016)”. Explain

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