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Science, Technology and Innovation for Sustainable Development in Asia and the Pacific

Policy Approaches for Least Developed Countries

image of Science, Technology and Innovation for Sustainable Development in Asia and the Pacific
Despite consensus on the transformative potential of STI, there remains a lack of clarity on how Least Developed Countries (LDCs) can effectively implement it for inclusive and sustainable development. With limited financial resources it is not feasible for LDCs to simply invest significantly in research and development (R&D) activity and develop world-class universities and infrastructure. This publication highlights key innovation polices which have the potential to enable LDCs to reap the benefits of innovation in a cost effective manner.

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Introduction

Science, technology and innovation (STI) have the potential to increase the efficiency, effectiveness and impact of our efforts to meet the ambitions of the 2030 Agenda and create benefits for society, the economy and the environment. Numerous innovations, such as pneumococcal vaccines, microfinance and green technologies, have been developed and have spread around the world at an unrelenting pace over the last few decades, improving health, providing economic opportunities and addressing climate change. Digital technologies such as mobile phones and the Internet have created an era where ideas, knowledge and data flow more freely than ever before, offering new avenues for collaborative and open approaches to innovation and providing real opportunities for this innovation to be truly inclusive.

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