UNCTAD’S Technology and Innovation Report 2018 - Global Trade Magazine
  May 18th, 2018 | Written by

UNCTAD’S Technology and Innovation Report 2018

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  • Frontier technologies can help find global solutions to 21st century economic, social, and environmental challenges.
  • Frontier technologies are converging through the increasing use of digital platforms.
  • Frontier technologies accelerate change that could bring benefits to people in developing countries.

Technologies on the frontier of what is possible can boost the ambitious agenda of the Sustainable Development Goals and help find global solutions to 21st century economic, social, and environmental challenges, says an UNCTAD report launched on May 15, 2018.

Frontier technologies are converging through the increasing use of digital platforms to produce new combinatory technologies, accelerating the pace of change across multiple sectors that could bring unimaginable benefits to people in developing countries. The report examines technologies like big data, 3D printing, Internet-of-things devices and artificial intelligence to assess their impact on economic growth, social development and climate change mitigation.

“Frontier technologies hold the promise of reviving productivity and making plentiful resources to end poverty for good, enable more sustainable patterns of growth and mitigate or even reverse decades of environmental degradation,” UNCTAD Secretary-General Mukhisa Kituyi said. “However, technological change and innovation need to be directed towards inclusive and sustainable outcomes through a purposeful effort by governments in collaboration with civil society, business and academia.”

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