The lack of technological infrastructure, in terms of knowledge-creating institutions and business development services, as well as other connected problems related to access of technology are major obstacles for developing countries to achieve innovation and sustainable development.
Acquiring technological capabilities is not then an automatic process in response to market value. It is in fact, a costly and invariably time-consuming process very much dependent on country-specific factors that influence the ease and cost of the upgrading process and the time it will take.
A window of opportunities exists to create an enabling environment for development whereby relevant stakeholders work together to promote a balanced, win-win and inclusive multilateral trading system and form a fair, reasonable and transparent system of international economic and trading rules, and promote rational flow of production factors, efficient allocation of resources and deep integration of markets.
Companies in Developing countries, either public or private, are disadvantaged not only by a lack of domestic suppliers but also by the means available to get their products to market. The lack of competition and the need to strengthen sectors limit the capability of domestic firms, public or private, to adapt and meet the challenges of international competitiveness.
That is the reason why the World Organization for Governance & Competitiveness highlight the importance of promoting inclusive and interconnected development as a key issue that needs to focus on the implementation of the 2030 Agenda for Sustainable Development.
The vision of the World Organization of Governance & Competitiveness is to continue having our leadership as an international organization that support developing countries to improve their national efforts for increasing the levels of competition, competitiveness and governance, with a view to create a positive impact in their national development by promoting a global network of governance and competitiveness that supports the achievement of the SDG's; as well as to increase their representation and voice, and their full participation in the global supply, industry, and value chain.