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Issue No.04 - July/August (2006 vol.8)
pp: 81-87
Ricardo M. Ruiz , Federal University of Minas Gerais
Leonardo C. Ribeiro , Federal University of Minas Gerais
Am?rico T. Bernardes , Federal University of Ouro Preto
ABSTRACT
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.
INDEX TERMS
economics, physics, simulations, financial markets, development
CITATION
Ricardo M. Ruiz, Leonardo C. Ribeiro, Am?rico T. Bernardes, "Science in the Developing World: Running Twice as Fast?", Computing in Science & Engineering, vol.8, no. 4, pp. 81-87, July/August 2006, doi:10.1109/MCSE.2006.75
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