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January 8, 2008— Rapid technological progress in developing countries has helped to raise incomes and reduce the share of people living in absolute poverty from 29 percent in 1990 to 18 percent in 2004, says the World Bank's Global Economic Prospects 2008. More >>

Key Findings & Graphs           16 Page Brochure
Technological progress in developing countries ...
	is at the heart of income growth, poverty reduction More >>
	has narrowed the technology gap between rich and poor countries has narrowed, but the gap is still wide More >>
	reflects adoption of pre-existing technologies rather than at-the-frontier inventions More >>
	has been strongly driven by globalization (trade, FDI, contact with migrant populations) More >>
	is constrained by weak domestic capacity to absorb technology; issues include low technical literacy More >>
	can be facilitated by appropriate policies More >>

Developing countries
to cushion
rich-country slowdown
in 2008...

	Press release (on global outlook; multilingual)
	Interactive website: Prospects for the Global Economy (English, French, Spanish)

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