Impact of science and technology observatories on socioeconomic development

Abstract

This essay analyzes the crucial role of science and technology observatories, particularly in Ibero-America, where resources for research and development are limited. It argues that an organization like the National Observatory of Science, Technology and Innovation (Oncti) is essential for optimizing resource allocation and maximizing the return on investment in science and technology. Observatories
play a strategic role by providing data and analyses that guide decision-making in governments and institutions. This facilitates the identification of priority areas for investment and innovation. Developing robust observational and analytical capacities to formulate effective policies that drive development is crucial. Furthermore, examples from countries like Japan and China are presented, demonstrating how they have used science and technology indicators to monitor trends and guide policies, contributing
to their economic growth and competitiveness. The article concludes that the Oncti can generate precise diagnostics of the state of national R&D capacities and propose public policies that strengthen Venezuela’s integral development through science and technology, prioritizing actions that generate revenue for the nation and promote well-being for the population.