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development gap

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development gap
The time period between the development of products and processes with commercial potential in academia and basic research, and their use by industry in the form of licensing agreements, spin-off companies, and products in the marketplace


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will focus on structural policies to narrow the development gap between economies and ensure future economic growth is more inclusive.
Narrowing the development gap is quite an important agenda point," said a Japanese foreign ministry official.
He said that a policy for 10-year agro-industrial tax holiday zones may be prepared for boosting investment in agro-based industries in the rural sector to increase employment opportunities and to help stop mass migration to cities and reduce development gap between the rural and urban areas.
 
 
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