Wednesday, June 16, 2021

Logo Central America Link

Region needs to invest in science and technology

Monday, September 26, 2016


 

Central America needs to be better in science and technology, according to a recent report (Spanish only) by the UN Economic Commission for Latin America.

Developed countries annually export high-tech products or services  valued at $2,000 or more per inhabitant.

In Latin America, only Mexico reaches that level.

Costa Rica exports $1,000 per inhabitant of high-tech products, while the rest of Latin America is below $500.

Investment in research and development generally goes hand-in-hand with the wealth of a nation, and with the quality of education in science and technology, says the commission.

Top countries in this regard include Finland, Israel, Japan and Korea, each of which spends at least 2 percent of of the value of national production on R&D.

A second level, which includes Norway, Spain and Brazil, invests between 1 and 2 percent of GDP.

A third group, which invests between 0.5 percent and 1 percent, includes Argentina, Costa Rica and Mexico.

All other Latin American countries are in the fourth and last segment, at under 0.5 percent.