Several studies suggest that capacity development increasingly depends on a country’s ability to understand, interpret, select, adapt, use, transmit, diffuse, produce and commercialize scientific and technological knowledge in ways appropriate to its culture, aspirations and level of development. The World Bank's experience with capacity development in Science and Technology (S&T) has provided many useful insights.
| ||S&T has always been important for development, but the unprecedented pace of advancement of scientific knowledge is rapidly creating new opportunities for and threats to development.|
| ||Most developing countries are largely unprepared to deal with the changes that S&T advancement brings.|
| ||Developing countries would benefit from increased attention to S&T in education, health, rural development, private sector development, and the environment.|
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