A study published in the journal Globalizations suggests that not enough new technology is being developed specifically for use in the developing world. The authors argue that this lack of investment and focus on emerging markets results in a technological divide between developed and developing countries.
The study examined the patent applications made to the World Intellectual Property Organization (WIPO) over a ten-year period from 2006 to 2016. The researchers found that less than 1% of the patents filed were specifically focused on the needs of low-income countries. The majority of patents focused on the needs of higher-income countries, with a particular emphasis on the US and China.
The study argues that this lack of investment in technology for the developing world has serious consequences. It limits access to the benefits of technology, such as increased productivity, better healthcare, and education, which are crucial for the economic development of emerging markets.
The authors of the study suggest that policymakers and researchers need to do more to support innovation in the developing world. They call for greater investment in research and development focused on emerging markets, as well as greater collaboration between international organizations, governments, and private sector firms to promote technology transfer and sharing.
In conclusion, the study highlights the importance of developing technology that is specifically tailored to the needs of the developing world. This is essential for promoting economic growth and ensuring that technology benefits everyone, not just those in higher-income countries.