‘How to generate, share & use knowledge is vital to growth’

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Hyderabad, May 3: To succeed in an increasingly competitive and global economy, countries must have an advanced ICT infrastructure, a highly educated workforce, dynamic research and innovation programs, and a supportive regulatory environment. They must have the know-how to generate, share and use knowledge, observed Geert HPB van der Linden, vice-president of Knowledge Management and Sustainable Development at ADB seminar on Knowledge-Based Economies in the 21st Century.

Countries, Mr Linden said, should also have the efficiency to provide services and goods and the capability to protect intellectual property rights. Further, these new dynamics have serious implications for developing countries, including those in Asia and the Pacific. Countries that fail to transform effectively into knowledge-based economies will fall further and further behind, widening the disparities between the developing and the developed economies,” he said.

The ability of ADB member countries to develop, capture, apply and, where appropriate, commercialise knowledge will be essential for meeting the region’s development challenges. The widening gap between the developed and the developing countries highlights the urgency for the developing nations to build and upgrade their science and technology capacities, Mr Linden stressed.

As a partner in the region’s development, ADB has an important role to play in assisting its developing member countries to compete in this changing environment. Multilateral development banks can produce knowledge to catalyse development; they can act as a clearing house for sharing best practices, and they can invest in building local capacity to efficiently innovate and use ICT.