Knowledge, Innovation, and the Way Out of Poverty
UNCTAD’s new Least Developed Countries Report
Most LDCs have opened their economies and are now highly integrated with the rest of the world. But even where they are increasing exports and attracting foreign investments, most LDCs are not climbing the economic and technological ladder. Their economies remain locked into low value-added commodity production and low-skill manufacturing, notes the latest Least Developed Countries Report of UNCTAD. A summary by Rainer Falk.
According to the report, which is subtitled ‘Knowledge, Technological Learning and Innovation for Development’ (see reference) the current pattern in LDCs appears to be economic liberalization without learning, and global integration without innovation. This spells increasing marginalization for the 767 million people who now live in LDCs ...
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Posted: 29 July 2007
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