Technology and the credit cruch

Will the credit crunch and the impending Recession affect Technology Innovation? Here in Ghana we have benefited in a limited degree from the gilded age in terms of technology We have seen enormous expenditure on research and development over the last decade after the Correction of the Dot Com Bubble that yielded some exciting and pretty useful technologies. Computing power has increased and more can now be done thanks to the availability of easy,cheap tech With the expected downturn in the economy most corporations will cut their R&D budgets