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GENEVA (AP) - The world's least developed countries need to invest heavily in science and technology if they want to catch up with richer nations, a U.N. report said Thursday.
To do so, poor countries must devote funds to promoting their "knowledge economy," and donors should increase the amount of aid they give to projects that improve a country's ability to develop its industrial and agricultural sectors, according to the report by the U.N. Conference on Trade and Development.
It said current development programs place far more emphasis on fighting corruption than promoting the kind of innovation that has seen countries such as South Korea go from a poor country in 1950 to one of the world's most technologically advanced today.
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