Will new technologies help or harm developing countries?

New technologies reduce the prices of goods and services to which they are applied. They also lead to the creation of new products. Consumers benefit from these improvements, regardless of whether they live in rich or poor countries.Mobile phones are a clear example of the deep impact of some new...

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Declining innovation productivity

Upon exploiting labour and natural resource advantage in fuelling economic growth, many developing countries including Bangladesh, Malaysia, Thailand, and Saudi Arabia are eying on innovation as the next frontier to sustain growth. Innovation is perceived to be an endless opportunity for creating wealth. Investment in research is supposed to keep...

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