1945

The pivotal role of technological capabilities and domestic knowledge systems

Technological capabilities have become crucial to national economic performance – all the more so due to the introduction of stronger intellectual property rights (IPRs), regulatory harmonisation and standardisation, and the spread of emerging science-based industrial technologies worldwide. In the Doha Round era the developing countries’ prospects for catching-up with more advanced countries in productivity and income hinge increasingly on their ability to build up competences rapidly. This places domestic knowledge systems at the core of industrial development strategies. Although not entirely new, this feature has acquired far greater importance in recent times.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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