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Invest 3.5 Percent GDP In Science, Technology, Innovation For Sustainable Development, Experts Say

by The Daily Eye Team July 13 2015, 2:54 pm Estimated Reading Time: 0 mins, 50 secs

Investing up to 3.5% of a nation’s GDP in science, technology and innovation – including basic science and education – is a key benchmark for advancing sustainable development effectively, leading experts say.
In papers released July 9 in New York, international scientists advising UN Secretary-General Ban Ki-moon say closing the gap between developed and developing countries depends on first closing international science, technology and innovation (STI) investment gaps.
According to the UN SG’s 26-member Scientific Advisory Board: “While a target of 1% of (Gross Domestic Product) for (research and development) is perceived high by many governments, countries with strong and effective STI systems invest up to 3.5% of their GPD in R&D.” “If countries wish to break the poverty cycle and achieve (post-2015 Sustainable Development Goals), they will have to set up ambitious national minimum target investments for STI, including special allotments for the promotion of basic science and science education and literacy.”