The Bank's recipe book

"But pundits and policy makers should reflect on the fact that many nations, notably in the Middle East and in Latin America, have failed to make this vital transition. “There are three main elements of the new strategy,” Dr. Matin noted. “The first is moving from diversified to more specialized structures. The second is moving from a strategy of accumulation to a strategy of innovation which means working smarter. Third, is the need to move from an emphasis on basic skills to advanced skills, thereby producing workers that can produce innovative products and processes.”"