The advancement of science and technology is essential for economic growth and wealth creation. The challenges facing countries are how to develop and sustain their science and technology capacity that will contribute toward economic growth. Policy-makers in general understand and acknowledge the critical role that Science, Technology and Innovation (STI) can play in positively addressing the long-term economic and social issues. Adequate investments in research and development (R&D), skilled human resources, scientific and technical infrastructure and a good education system are essential to enhance economic growth and improve the well-being of people. The formulation of policies that address economic growth and ultimately wealth creation ...