The World Bank annual World Development Report for 1998/1999 addresses the role of knowledge in fostering economic and social development. The report analyses the technological knowledge gaps and information problems afflicting developing countries and affecting their development prospects and ways through which international institutions and developing countries governments can address these problems.

The report notes that only if developing countries put in place policies to reduce the knowledge gaps separating them from advanced countries, they will be able to benefit from the current global explosion of knowledge. Such measures include investing in education and training and maintaining open trade regimes. It also stresses that developing-country governments, bilateral donors, multilateral institutions, nongovernmental organisations, and the private sector should co-operate to foster institutions to address information problems affecting developing countries.


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