| ||||||||||||
Poorest Countries Must Invest
Associated Press
in Science, Technology to Develop: UN Report
July 19, 2007The world's least developed countries need to invest heavily in science and technology if they want to catch up with richer nations, a U.N. report said Thursday. To do so, poor countries must devote funds to promoting their "knowledge economy," and donors should increase the amount of aid they give to projects that improve a country's ability to develop its industrial and agricultural sectors, according to the report by the U.N. Conference on Trade and Development.
It said current development programs place far more emphasis on fighting corruption than promoting the kind of innovation that has seen countries such as South Korea go from a poor country in 1950 to one of the world's most technologically advanced today. Between 2003 and 2005, the 50 least developed countries — known as LDCs — received about US$827 million per year between them for research and professional training, of which US$12 million was to help extend their agricultural capacity. This compares with US$1.3 billion to improve governance, according to the 188-page report. "There is a lack of balance between (aid spent on) governance and social issues, and the technological issues," the agency's secretary-general, Supachai Panitchpakdi, told reporters in Geneva. According to a long-standing U.N. target, donor countries have pledged to increase development aid to 0.7 percent of their gross national income by 2015. Supachai said the additional money could help redress the imbalance in funding for knowledge-based development.
A trade and investment specialist with the Overseas Development Institute, a London-based think tank, said such a strategy would only work if it targeted the needs of the private sector. "In some African countries it has gone wrong," Dirk Willem te Velde told The Associated Press. "There were particular interventions that backfired because they weren't in tune with what the private sector actually needed," he said but added that countries such as Rwanda were on the right track. Te Velde said the landlocked central African country was developing its services and IT industry because it has few natural resources and little industry.
The report also said the poorest countries need to train more skilled workers and graduates in order to break out of a "poverty trap." At the moment, too many are emigrating to developed countries in search of better pay and working conditions, Supachai said. This brain drain is depriving LDCs, particularly in Africa, of about 1 million skilled workers, according to the report. It said the shortage of doctors, nurses, scientists, engineers and IT professionals is holding back the development of business, agriculture and health care systems in poor countries. Failing or nonexistent infrastructure, from roads to computer networks to reliable electricity supplies, also hamper progress, it said.
And while LDCs already enjoy a temporary reprieve from certain World Trade Organization agreements on intellectual property, the report argues that poor countries should be granted further exemptions because they lag far behind the developing world when it comes to registering patents and profiting from the latest technological innovations.
More Information on Social and Economic Policy
More General Analysis on Poverty and Development
More Information on Poverty and Development in Africa
FAIR USE NOTICE: This page contains copyrighted material the use of which has not been specifically authorized by the copyright owner. Global Policy Forum distributes this material without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. We believe this constitutes a fair use of any such copyrighted material as provided for in 17 U.S.C ß 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.