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Global Economic Prospects 2008 [electronic resource] Technology Diffusion in the Developing World

Publication:
Washington, D.C. : The World Bank, 2008
Format/Description:
Government document
Book
1 online resource
Series:
Global Economic Prospects
World Bank e-Library.
Global Economic Prospects
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Other Title:
World Bank books.
System Details:
Mode of access: World Wide Web.
Summary:
Global Economic Prospects 2008: Technology Diffusion in the Developing World examines the state of technology in developing countries and the pace with which it has advanced since the early 1990s. It reveals both encouraging and cautionary trends. On the one hand, the pace of technological progress in developing countries has been much faster than in high-income countries-reflecting increased exposure to foreign technology as a result of linkages with high-skilled diasporas and the opening of these countries to international trade and foreign direct investment.On the other hand, the technology gap remains large, and the domestic factors that determine how quickly technologies spread within developing countries often stymie progress, especially among low-income countries. This year's Global Economic Prospects comes on the heels of an extended period of strong growth and a 15 year period of strong performance in much of the developing world, which has contributed to substantial declines in global poverty. While high oil prices and heightened market volatility may signal a coming pause in this process, over the longer term continued technological progress should continue to push back poverty. Rapid technological progress in developing countries has been central to the reduction of poverty in recent decades. While the integration of global markets has played and will continue to play a key role in this, future success will increasingly depend on strengthening technical competencies and the business environment for innovative firms in developing countries.
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Description based on print version record.
Contributor:
World Bank
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Print Version:
ISBN:
082137365X
9780821373668
9780821373651
Publisher Number:
10.1596/978-0-8213-7365-1
Access Restriction:
Restricted for use by site license.