From the report: "Fast-growing South–South trade and investment is an
opportunity to ramp up developing countries’ abilities to master market-useful
technologies and to bolster their abilities to innovate new products and
services, an UNCTAD
report says. The Technology and
Innovation Report 2012, subtitled Innovation, Technology and
South–South Collaboration, was released today. South–South economic cooperation
is one of the major global economic developments of the past two decades.
Exchanges between developing countries accounted for 55 per cent of global
trade in 2010, as compared to 41 per cent in 1995, and this trend is already
leading to useful diffusions of technology and innovative capacity, the Report
says. Increased South–South exchange can lead to greater technological sharing,
in a variety of ways. A first important channel is the import of goods, the
Report says, which are used by importing countries to improve their production
processes through copying and reverse engineering. Global production networks
and foreign direct investment (FDI) are other factors that could promote
transfers of technology and technological development in countries." Read more