Advancement In Science And Technology

Advancement In Science And Technology

Why this should be part of the global development agenda
Creativity and innovation as the basis for strengthened science, technology and innovation
frameworks will remain central to tackling the key challenges facing us in the future, such
as: global growth, health, the environment and food security.

5
Global growth
As the world economy recovers from the biggest downturn since the 1930s, reinvigorating
economic growth post-2015 will continue to be a challenge. This will adversely affect many
underlying factors critical for development, especially in the most fragile states – Least
Developed Countries, Landlocked Developing Countries and Small Island Developing States.
Innovation is a central driver of economic growth, development, and better jobs. It is one of
the key factors that enable firms to compete successfully in the global marketplace, and the
process by which solutions are found to social, environmental and economic challenges. It is
the source of improvements to the quality of our everyday lives. In order to increase
productive capacity, employment and decent work, and to eradicate poverty through
inclusive, sustainable and equitable economic growth, there needs to be a significant scaling
up in support for innovation and in equitable access to its benefits.
A major challenge for many developing countries seeking to strengthen productive capacity,
and to invest in private sector development and competitiveness is the need to strengthen
national innovation capacity. Part of the solution to that lies in using the intellectual
property (IP) system for the protection and promotion of domestic creations, innovations
and inventions, for attracting foreign direct investments and, hence, contributing to the
transfer of technology, and to support the development of national scientific and
technological infrastructure.
In addressing the challenge of growth, productivity and job creation, policy makers are...

Similar Essays