Investigating the Role of Basic Sciences for Comprehensive Development of Developing Countries

importance of technology and applied sciences for the process of economic development. Basic sciences and the role of these sciences in the process of development though have been not studied enough and there is no widespread consensus about the importance of these sciences for development. In this paper, we introduce and assess the arguments for and against the importance of these sciences for developing countries. We also provide a non-linear argument in favor of basic sciences. From an economic point of view, we argue that basic sciences and the researches related to them play a role like national transportation substructures which are necessary for the performance of private sector and hence, for economic development. We show that notable parts of this knowledge sub-structure are in the form of non-tradable capabilities. These capabilities, therefore, should be developed through indigenous ways. In the end, we add to this economic approach a discussion about functions of basic sciences for development of rationality, formation of social capital, and political and cultural development.