Role of science in industries of developing countries
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it plays an important role
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Developments in science and technology are fundamentally altering the way people live, connect, communicate and transact, with profound effects on economic development. To promote tech advance, developing countries should invest in quality education for youth, and continuous skills training for workers and managers.
Science and technology are key drivers to development, because technological and scientific revolutions underpin economic advances, improvements in health systems, education and infrastructure.
The technological revolutions of the 21st century are emerging from entirely new sectors, based on micro-processors, tele-communications, bio-technology and nano-technology. Products are transforming business practices across the economy, as well as the lives of all who have access to their effects. The most remarkable breakthroughs will come from the interaction of insights and applications arising when these technologies converge.
Through breakthroughs in health services and education, these technologies have the power to better the lives of poor people in developing countries. Eradicating malaria, a scourge of the African continent for centuries, is now possible. Cures for other diseases which are endemic in developing countries are also now possible, allowing people with debilitating conditions to live healthy and productive lives.
Access and application are critical. Service and technology are the differentiators between countries that are able to tackle poverty effectively by growing and developing their economies, and those that are not. The extent to which developing economies emerge as economic powerhouses depends on their ability to grasp and apply insights from science and technology and use them creatively. Innovation is the primary driver of technological growth and drives higher living standards.
Science and technology are key drivers to development, because technological and scientific revolutions underpin economic advances, improvements in health systems, education and infrastructure.
The technological revolutions of the 21st century are emerging from entirely new sectors, based on micro-processors, tele-communications, bio-technology and nano-technology. Products are transforming business practices across the economy, as well as the lives of all who have access to their effects. The most remarkable breakthroughs will come from the interaction of insights and applications arising when these technologies converge.
Through breakthroughs in health services and education, these technologies have the power to better the lives of poor people in developing countries. Eradicating malaria, a scourge of the African continent for centuries, is now possible. Cures for other diseases which are endemic in developing countries are also now possible, allowing people with debilitating conditions to live healthy and productive lives.
Access and application are critical. Service and technology are the differentiators between countries that are able to tackle poverty effectively by growing and developing their economies, and those that are not. The extent to which developing economies emerge as economic powerhouses depends on their ability to grasp and apply insights from science and technology and use them creatively. Innovation is the primary driver of technological growth and drives higher living standards.
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