There is vast potential for spurring economic growth by promoting innovation, yet developing countries do surprisingly little when it comes to adopting advanced-country techniques to upgrade their products, technologies, and business processes.
Unless private-sector firms and public-sector policymakers in developing economies prioritize the more agile adoption of new technologies and techniques, they will find it difficult to overcome their enduring economic constraints – slow progress in building physical and human capital, under-developed managerial capabilities, and weak government capacity.
World Bank Group’s report, “The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up”, underscores the challenges that policymakers and entrepreneurs face in capturing the potential gains of innovation.
William F. Maloney, Chief Economist, Equitable Growth, Finance and Institutions Group, World Bank Group, will present the key points of this report.
Co-organized by: World Bank Group and JICA Institute
Contact: Koichi Omori, komori@worldbankgroup.org
Registration: https://ws.formzu.net/fgen/S10294338/
Language: English and Japanese (with simultaneous interpretation)
