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  Innovation, Intellectual Property and the Donor Industry in Caricom countries By Abiola Inniss The focus on innovation and technology has become synonymous with the narrative on the advancement of so-called developing countries as one of the most important means by which countries can move from low to high levels of economic development, to the extent that some are advocating for the renaming of the world groupings from developed and developing to technology rich and technology poor. This does not however properly take into account the economic dynamics which underlie the categorizations as they have come to be known. The World Economic Situation and Prospects (WESP) report prepared by the United Nations categorizes countries into three broad areas, developing economies, economies in transition, and developed economies, and it seems as though movement through the categories follows a linear pattern from the least to the greatest. It is not quite so certain how so-called