The World Bank and IBRD are part of The World Bank. Economic and social well-being are dependent on technology and technological progress. Economic growth, rising incomes, social progress, and medical progress are all driven by the creation and dispersal of goods and services. Technology Diffusion in the Developing World examines the state of technology in developing countries and the pace with which it has advanced since the early 1990s.

It shows encouraging and cautionary trends. On the other hand, the pace of technological progress in developing countries has been much faster than in high-income countries due to increased exposure to foreign technology and the opening of these countries to international trade and foreign direct investment.

The domestic factors that determine how quickly technologies spread within developing countries often stymies progress, especially among low-income countries. It will be difficult to repeat the rapid progress of this past decade because of the need to improve technological literacy, strengthen government efforts to adapt and distribute technologies throughout the economy, and modify regulatory regimes to encourage business innovation.

This year’s Global Economic Prospects comes on the heels of an extended period of robust growth and a 15-year period of strong performance in much of the developing world that has contributed to substantial declines in global poverty. High oil prices and market volatility may signal a pause in this process, but over the long term technological progress should push back poverty.

The World Bank has global economic prospects in 2008.

The World Bank, Global Economic Prospects 2008, Download Global Economic Prospects 2008, Free Global Economic Prospects 2008, Global Economic Prospects 2008 Torrent, Global Economic Prospects 2008 Review, Global Economic Prospects 2008 Group buy.