Mastering new technologies.
To further enhance industry’s productivity and promote economic prosperity through greener and more sustainable development, developing economies need large-scale investments to not only address the lack of digital connectivity but to also introduce smarter, more efficient, greener and cleaner production technologies . Developing countries must strengthen local research and innovation ecosystems by equipping local stakeholders with the necessary knowledge, resources and funds while also fostering an enabling institutional and regulatory environment for R&D to thrive . They must also become the beneficiaries of increased investments aimed at developing capacity for technology use and facilitating technology and knowledge transfer from developed countries, including through joint R&D efforts . Innovation should not be confined to the world’s leading companies, it must also extend to businesses in developing countries, including SMEs. Developing countries also need support...