The 2021 Technology and Innovation Report by the United Nations Conference on Trade and Development (UNCTAD) examines the potential of frontier technologies to drive sustainable development. The report highlights both the opportunities and challenges presented by these technologies.

Key Findings:

1. Frontier technologies, including artificial intelligence, robotics, and biotechnology, represent a significant market, projected to grow from $350 billion to $3.2 trillion by 2025.
2. Despite their potential, many developing countries, particularly in sub-Saharan Africa, lack the capacity to leverage these technologies.
3. This could hinder achieving the Sustainable Development Goals (SDGs), exacerbating existing inequalities and digital divides.

Recommendations:

1. Developing nations should prioritize science, technology, and innovation policies tailored to their development stage and economic, social, and environmental conditions.
2. Strengthen and align Science, Technology, and Innovation systems and industrial policies.
3. Build digital skills among students and the workforce.
4. Close digital divides through infrastructure development and access to technology.
5. Enhance social protection and ease workforce transitions to mitigate the potential negative consequences of frontier technologies on the job market.

Call to Action:

1. International cooperation is crucial for building innovation capacities in developing countries.
2. Promote inclusive debate on the impact of frontier technologies.
3. Harness technologies for the common good, leaving no one behind.

Message from António Guterres, UN Secretary-General:

“New technologies hold immense promise for sustainable development, from climate action and better health to more democratic and inclusive societies. We must use them wisely, for the benefit of all.”

Key Takeaways:

1. Technologies are not deterministic; their impact depends on how we harness them.
2. Equitable access to technology and innovation is crucial for achieving sustainable development.
3. International cooperation and inclusive policies are essential for ensuring that frontier technologies benefit all.

Report’s Objective:

The UNCTAD Technology and Innovation Report 2021 aims to:

1. Analyze the potential of frontier technologies.
2. Identify national and international policies, instruments, and institutional reforms needed.
3. Promote a more equal world of opportunity for all.

Target Audience:

1. Policymakers
2. Researchers
3. Business leaders
4. International organizations
5. Civil society organizations

Conclusion: The UNCTAD report emphasizes the need for equitable access to technology and innovation to achieve sustainable development and leave no one behind. By harnessing frontier technologies wisely, we can create a more inclusive and sustainable future for all.