Caribbean governments must devote one percent of GDP to science and technology

Wednesday, April 1, 2015 9:41 AM - George's, Grenada
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ST. GEORGE’S, GRENADA, April 1, 2015 – GIS:Caribbean governments must devote at least one percent of their gross Domestic Product (GDP) to science and technology for the region to make significant progress in this area.

This was one of the recommendations coming out of the second High Level CARICOM Science and Technology meeting which ended here over the weekend.

Dr. Cardinal Warde who represented the CARICOM Science Foundation at the three-day summit said achieving a one percent goal could bring in a “paragon shift for the region”.

“I think if we can achieve those, some sooth of a one percent goal over the next five years - some people think it would take ten years, but that’s ok if we work towards that - it would be very significant,” said Dr. Warde.

According to Dr. Warde “some of the smaller islands and countries in the OECS just have a very hard time even getting to one percent”.

As a result he recommended that “they put some of their energy or some of their money, to starting a new Technology Company that could bring in foreign exchange that could become profitable and could be tax later on, and then the one percent will be a lot easier”.




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