Colombia faces significant political, social, and economic hurdles in building its digital economy, yet its progress toward developing a robust strategy deserves recognition. It has an opportunity to be a trailblazer and regional role model.
Econometric research found that farmers with access to extension services, where agents visit farmers directly to share new information and technology, were over 18 percent more likely to adopt improved rice varieties than farmers lacking extension services.
While there are more advancements to be made, Kenya’s long-term innovation policies for improved digital access prove that digitalization is a force for sustainable economic growth among developing nations.
Intellectual property has proved to be indispensable in developing effective vaccines and therapeutics. Nevertheless, advocates have seized the moment to petition the WTO’s TRIPS Council not just to suspend patents, but also to reform national copyright laws governing digital access to knowledge, and data and text mining.
Amidst an unprecedented pace of innovation, some 90 developing nations, led by India and South Africa, have petitioned the WTO’s TRIPS Council calling for a waiver to suspend all IP rights associated with COVID-19 innovations—again asserting the false narrative that IP rights inhibit access to medicines.
When domestic firms collaborate with foreign firms, domestic firms can benefit from knowledge spillovers, which has the potential to improve their performance. This is especially important if the domestic firm is in a developing country, as it allows the firm to “catch up” to world leaders, which boosts economic growth.
ITIF hosted an expert debate on these issues, featuring Daniel Gros, director of the Centre for European Policy Studies, who has argued that the United States must accept China’s rise, and ITIF President Robert Atkinson, who argued America and Europe must work together to constrain China, particularly its drive to dominate advanced technology industries.
Colombia faces significant political, social, and economic hurdles in building its digital economy, yet its progress toward developing a robust strategy deserves recognition. It has an opportunity to be a trailblazer and regional role model.
A report by the tech research company Digital Science found that, in 2019, 500,000 publications or 10 percent of the world’s total, related to the 17 sustainable development goals (SDGs) outlined by the United Nations.
There is both excitement and trepidation about the so-called “Fourth Industrial Revolution” and its ability to power growth around the world—and one critical question is how its impacts may differ in developed and developing economies.