The authors of this paper analyse how science and technology contributes to poverty alleviation and economic development and examine how these issues have been addressed in the World Bank’s work.

The paper emphasises that development is increasingly dependent on a nation's ability to understand, interpret, select, adapt, use, transmit, diffuse, produce, and commercialise scientific and technological knowledge. The paper concludes that whereas the accelerating pace of knowledge for development provides both new opportunities for and threats to socio-economic growth, most developing countries remain unprepared for these changes. This has implications for the policies of the World Bank which should, the paper suggests, pay more attention to building up science and technology capacity in developing countries in four policy areas, namely, human resources development and education, the private sector, the public sector and information technologies.


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