Bilateral Knowledge-Sharing for New Product Development Under the UN Sustainable Development Goals

Developing countries are characterized by various factors that feed into a vicious cycle of underdevelopment; poor education systems, low-skilled workforce, low per capita income, and unstable governments which build a weak foundation for economic prosperity and foreign investments. Moreover, there is no foundation from which innovation could transpire to drive growth. This research aims to provide a solution to this development paradox by emphasizing the urgency to address innovatively the United Nations Sustainable Development Goals (UN-SDGs) and utilize effectively the human intellectual capital of the developing countries with the support of multinational organizations. It introduces a Bilateral knowledge sharing model providing the MNCs a framework to merge local knowledge with existing expertise for the development of local market products, whilst developing the country’s human capital. Furthermore, it extends on the creation of Corporate Social Responsibility (CSR) actions for the MNCs related to the UN SDGs and 2030 Agenda