Knowledge, Innovation, and the Way Out of Poverty

Article no: EN20070729-Article-4.3-2007

Knowledge, Innovation, and the Way Out of Poverty

Most LDCs have opened their economies and are now highly integrated with the rest of the world. But even where they are increasing exports and attracting foreign investments, most LDCs are not climbing the economic and technological ladder. Their economies remain locked into low value-added commodity production and low-skill manufacturing, notes the latest Least Developed Countries Report of UNCTAD. A summary by Rainer Falk.