Addressing the Innovation Paradox: How can Developing Countries Move Closer to the Technological Frontier?
A new wave of digitalization and automation is rapidly altering economies around the world. Yet developing countries do surprisingly little when it comes to adopting advanced-country experience to upgrade their products, technologies, and business processes. How can we help developing-country leaders, in both the public and private sectors, prioritize and pursue a more focused approach to innovation policy? This event hosted during the World Bank Group Annual Meetings, discussed the challenge of low innovation and weak capabilities in developing countries and proposed new approaches to boost innovation in these environments.