By World Bank
ISBN-10: 082137365X
ISBN-13: 9780821373651
ISBN-10: 0821373668
ISBN-13: 9780821373668
Know-how and technological growth are significant to monetary and social health. The production and diffusion of products and prone are serious drivers of monetary progress, emerging earning, social and clinical growth. worldwide fiscal clients 2008: expertise Diffusion within the constructing global examines the nation of expertise in constructing international locations and the velocity with which it has complicated because the early Nineties. It finds either encouraging and cautionary traits. at the one hand, the speed of technological growth in constructing nations has been a lot swifter than in high-income international locations reflecting elevated publicity to international expertise as a result of linkages with high-skilled Diasporas and the outlet of those nations to foreign exchange and international direct funding. nevertheless, the know-how hole continues to be huge, and the household components that make sure how fast applied sciences unfold inside of constructing international locations usually stymie development, specially between low-income nations. Repeating the quick development of this earlier decade might be tricky and will require that simple expertise literacy is more advantageous additional; that govt efforts to evolve and disseminate pre-existing applied sciences in the course of the economic climate are bolstered; and that regulatory regimes are transformed to motivate company innovation. This 12 months s international financial customers comes at the heels of a longer interval of sturdy progress and a 15-year interval of sturdy functionality in a lot of the constructing international, which has contributed to enormous declines in international poverty. whereas excessive oil costs and heightened industry volatility may perhaps sign a coming pause during this method, over the long run endured technological development should still proceed to thrust back poverty. the worldwide fiscal clients presents crucial info for these excited by advancements shaping present day international economic climate.
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Additional resources for Global Economic Prospects 2008: Technology Diffusion in the Developing World
Example text
World Bank, Washington, DC. Easterly, William, and Ross Levine. 2001. ” The World Bank Economic Review 15(2):177–219. , and Charles I. Jones. 1999. ” The Quarterly Journal of Economics 114(1):83–116. Kannankutty, Nirmala, and Joan Burrelli. 2007. “Why Did They Come to the United States? ” Info Brief. National Science Foundation: Directorate for Social Behavioural and Economic Sciences. Arlington, VA. June. Kaufmann, Daniel, Aart Kray, and Massimo Mastruzzi. 2007. ” World Bank Policy Research Working Paper No.
13 G L O B A L E C O N O M I C Box 1 F P R O S P E C T S 2 0 0 8 Summary of empirical results irst, on most fronts, developing countries have progressed markedly over the past 15 years. As a result, technological achievement in all income groups and in every region has advanced more quickly than in high-income countries. Second, the technological frontier has advanced as high-income countries (and some developing countries) continue to innovate at a rapid rate. Thus the technology gap between developed and developing countries remains large, particularly for low-income countries.
15). Global commodity demand and prices were pushed higher in recent years, notably by continued brisk economic expansion in China. 1 percent in 2006 (when Nigeria, which suffered from a number of shutdowns of facilities, is excluded). 15 Oil exporters drive 2007 growth results for Sub-Saharan Africa GDP growth (percent change) 9 2006 2005 2007 6 3 0 Sub-Saharan Africa Oil exporters Oil importers, South Africa excluding the Republic of South Africa Sources: World Bank and national agencies. P R O S P E C T S Improved macroeconomic stability is also playing an important role in sustaining growth, as is a pickup in both domestic and foreign investment.