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OECD Science, Technology and Innovation Outlook 2016

image of OECD Science, Technology and Innovation Outlook 2016

The fully revamped and re-titled OECD Science, Technology and Innovation Outlook is a biennial publication that aims to inform policy makers and analysts on recent and future changes in global science, technology and innovation (STI) patterns and their potential implications on and for national and international STI policies. Based on the most recent data available, the report provides comparative analysis of new policies and instruments being used in OECD countries and a number of major emerging economies (including Brazil, China, India, Indonesia, the Russian Federation and South Africa) to boost the contribution of science and innovation to growth and to global and social challenges. In this edition, detailed country and policy profiles are available on line.

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Colombia

Colombia has racked up high economic growth during the past decade and shown resilience during the global financial crisis. The remarkable growth in this period was fed by the oil and mining boom, foreign direct investment in the commodity sector and broad-based investment. This has fostered a process of convergence with OECD economies in terms of gross national income per capita. However, productivity and investment remain low outside the oil and mining sectors, which are suffering from falling commodity prices. Columbia still faces the challenges of boosting productivity growth and diversifying its economy. The barriers to this are numerous and span beyond the areas of research and innovation to include social issues such as informality and social problems. However, the country has also engaged in initiatives to raise the level of educational quality, enhance labour skills, promote investment in R&D and reform a distortive tax system. In this context, the government has included the following STI hot issues in its National Innovation Strategy (2010-14).

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