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Developments in science and technology are fundamentally altering the way people live, connect, communicate and transact, with profound effects on economic development.To promote tech advance, developing countries should invest in quality education for youth, and continuous skills training for workers and managers.
Other technologies under development are interventions for cognitive enhancement, proton cancer therapy and genetic engineering.
Revolutionary inventions include small underground nuclear power units called nuclear batteries that will be ultra-safe and maintenance-free; new types of photo-voltaics that will make electricity from sunlight cheaper than that from coal; and myriad nano-technologies, some of which lower the cost and increase the reliability of many products – even in the poorest areas of the developing world.
Science and technology are key drivers to development, because technological and scientific revolutions underpin economic advances, improvements in health systems, education and infrastructure.
The technological revolutions of the 21st century are emerging from entirely new sectors, based on micro-processors, tele-communications, bio-technology and nano-technology.
Everyone is involved – big and small, public and private, rich and poor.
The benefits that are certain to flow from technological revolution in an increasingly connected world and knowledge-intensive world will be seized by those countries and companies that are alive to the rapidly changing environment, and nimble enough to take advantage of the opportunities.About 90 percent of the world’s population can access mobile networks, with three-quarters of mobile subscribers living in developing economies.Cellular technology has allowed Africa to leapfrog the age of fixed line telephony, bringing affordable access to millions of people.To promote technological advances, developing countries should invest in quality education for youth, continuous skills training for workers and managers, and should ensure that knowledge is shared as widely as possible across society.In a world in which the Internet makes information ubiquitous, what counts is the ability to use knowledge intelligently.Knowledge is the systemically integrated information that allows a citizen, a worker, a manager, or a finance minister to act purposefully and intelligently in a complex and demanding world.The only form of investment that allows for increasing returns is in building the stocks and flows of knowledge that a country or organization needs, an in encouraging new insights and techniques.Innovation is the primary driver of technological growth and drives higher living standards.As an engine of growth, the potential of technology is endless, and still largely untapped in Africa and other developing world regions across the globe.The combination of computers and the Internet, and mobile devices and the “cloud”, has transformed human experience, empowering individuals through access to knowledge and markets, changing the relationship between citizens and those in authority, as well as allowing new communities to emerge in virtual worlds that span the globe.According to the United Nations International Telecommunications Union (UN-ITU), by the end of 2010 there were an estimated 5.3 billion mobile cellular subscriptions worldwide, including 940 million subscriptions to 3g services.