Global Economic Prospects 2008 : Technology Diffusion in the Developing World

This Global Economic Prospects (GEP) is being released during a period of increased uncertainty following four years of record growth in developing countries, and a 15-year period of steady declines in poverty. Global growth slowed modestly in 2007, coming at 3.5 percent after 3.9 percent in 2006. Most of the slowdown was due to weaker growth in high-income countries. This GEP seeks to develop a better understanding of technology and its diffusion within the developing world. It adopts a broad definition of technology and technological progress, that encompasses the techniques (including the way the production process is organized) by which goods and services are produced, marketed, and made available to the public. This report takes a quantitative approach to understanding technology and technological progress. In chapter 2, it explores the level of, and recent trends in, technological achievement, as well as the process by which technology diffuses between and within countries. Chapter 3 concentrates on the process by which countries absorb foreign technology, both mechanisms through which they are exposed to foreign technologies, and the domestic factors that dictate how successfully those technologies are absorbed.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC : World Bank 2008
Subjects:	ADVANCED ECONOMIES, FIXED CAPITAL, FIXED INVESTMENT, FOOD PRICES, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKETS, FOREIGN FIRMS, FOREIGN INVESTMENT, FOREIGN MARKETS, FOREIGN TRADE, GLOBAL ECONOMIC PROSPECTS, GLOBAL ECONOMY, GLOBAL EQUITY, GLOBAL EQUITY MARKETS, GLOBAL FINANCIAL MARKETS, GLOBAL MARKETS, GLOBALIZATION, GOVERNANCE INDICATORS, GOVERNMENT BOND, GOVERNMENT POLICY, GOVERNMENT SUPPORT, GROSS DOMESTIC PRODUCT, GROWTH RATE, GROWTH RATES, HIGH-YIELD CORPORATE BONDS, HOME COUNTRY, HOST COUNTRIES, HUMAN CAPITAL, IMMUNIZATION, INCOME, INCOME GROUP, INCOME GROUPS, INCOME LEVELS, INCOMES, INDUSTRIAL COUNTRIES, INFLATION RATE, INFLATIONARY PRESSURES, INTELLECTUAL PROPERTY, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL COMPETITION, INTERNATIONAL ECONOMY, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL MARKETS, INTERNATIONAL INVESTOR, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INVESTMENT CAPITAL, INVESTMENT CLIMATE, INVESTMENT CLIMATES, JOINT VENTURES, LIBERALIZATION, LIFE EXPECTANCY, LIQUIDITY, LOCAL CURRENCY, LOW-INCOME COUNTRIES, MACROECONOMIC MANAGEMENT, MACROECONOMIC STABILITY, MARKET DEMAND, MARKET FAILURES, MARKET INDEX, MARKET INNOVATION, MARKET STOCKS, MARKET VALUATIONS, MARKET VOLATILITY, MATURE MARKETS, MIDDLE-INCOME COUNTRIES, MIDDLE-INCOME COUNTRY, MIDDLE-INCOME ECONOMIES, MOBILE PHONE, MOBILE PHONES, MONETARY AUTHORITIES, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, MORTGAGE, MORTGAGE MARKET, MORTGAGE-BACKED SECURITIES, NATURAL RESOURCE, OUTPUT, OUTPUTS, PENETRATION RATE, PENETRATION RATES, PERSONAL COMPUTER, POLICY RESPONSES, POLITICAL UNREST, POWER PARITY, PROPERTY RIGHTS, PUBLIC POLICY, PURCHASING POWER, RAPID GROWTH, RATE OF GROWTH, REGIONAL TRADE, REGULATORY AUTHORITY, REGULATORY ENVIRONMENT, REMITTANCES, RETURN, RETURNS, RISK FACTOR, RISK PREMIUMS, SAVINGS, SECURITIES, SECURITIES DEALERS, SKILLED WORKERS, SMALL COUNTRIES, SOCIAL SAFETY NETS, SOVEREIGN BOND, SOVEREIGN RISK, STOCK EXCHANGES, STOCK PRICE, SUSTAINABLE GROWTH, TAX, TECHNOLOGY TRANSFER, TECHNOLOGY TRANSFERS, TELECOMMUNICATIONS, TRADE DEFICITS, TRADE LIBERALIZATION, TRADES, TRADING, TRADING COSTS, TRANSITION COUNTRIES, WORKING CAPITAL, WORLD TRADE,
Online Access:	http://documents.worldbank.org/curated/en/2008/01/9013126/global-economic-prospects-technology-diffusion-developing-world-2008 https://hdl.handle.net/10986/6335
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