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Science in the developing world: running twice as fast?

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4 Author(s)
L. C. Ribeiro ; Dept. of Phys., Fed. Univ. of Minas Gerais, Belo Horizonte, Brazil ; R. M. Ruiz ; E. M. Albuquerque ; A. T. Bernardes

Physicists are increasingly interested in studying the behavior of financial markets; likewise, researchers have applied statistical physics tools to study economic development in - and interactions among - various countries. We recently introduced a model that creates an artificial world economy of countries, each of which has a population with scientific and technological capabilities. The model's main goal is to probe the underlying mechanisms responsible for the interactions among science, technology, and development. So far, it has shown a strong correlation between economic development and scientific and technological production.

Published in:

Computing in Science & Engineering  (Volume:8 ,  Issue: 4 )