Role of Physics in Economic Development
Physics plays many vital roles in economic development, and its applications are as important in the developing world as in the developed world. It has a major role to play in many key sectors, including:
Role of Physicists in Economic Development
Basic research may be the field that attracts most publicity, and this does lead to new and important technologies, the role of the physicists in economic development is much more extensive. Many physicists are employed in a range of roles within industry. Advantages of a physics training include the flexibility to tackle a wide range of problems and to be able to move from one discipline to another. It also gives the ability to solve problems from first principles, when standard solutions do not apply and where a range of disciplines needs to be called on. This can be of particular importance in the developing world where, for reasons of scale, economics or other local conditions, approaches developed and used elsewhere may be inappropriate.
Aims of the Conference
To come up with concrete outcomes that will help developing countries and then for plans to put these into action. This is not just to help physicists in developing countries to advance their own professional interest, but to use physics to help their countries with economic, social and political development and, with regard to this theme, with their economic development specifically.
Format for the Conference
Day 1 of the conference is plenary devoted to all four themes, but will include a poster session in the evening where everyone will have opportunity to present their views. Day 2 is the time for discussion of the four themes individually in four parallel sessions. This is the time for developing concrete outcomes regarding economic development. It requires presentation of examples of economic development and problems associated with it and presentation of proposals for concrete outcomes. These proposals are then discussed and further developed at a further plenary session on Day 3. The aim is to have an action plan and commitments from people to do the work.