Innovation and shifting paradigms of progress

For over two centuries, technological innovation has been closely linked to the notion of progress, especially in developed nations. Progress has been largely defined and measured in material - that is, economic - terms, and research and development (R and D) have been directed increasingly towards improving economic performance. The fundamental assumptions behind 'going for growth' are that it enhances welfare and is sustainable. But does it and is it? The relationships between economic growth, quality of life and ecological sustainability are coming under close and critical scrutiny in the research community. This debate has important implications for strategic planning for R and D.