INVENTING A BETTER FUTURE was authored by a study panel appointed by the InterAcademy Council to develop a global strategy for addressing global S&T issues and to prepare a report for publication by the IAC. Co-chaired by Jacob Palis of Brazil and Ismail Serageldin of Egypt, the study panel met five times to reach consensus on a set of conclusions and recommendations for enhancing worldwide capacities in science and technology. A draft report of the study panel was completed in August 2003 and then revised to reflect an extensive external-review process conducted in September 2003, as required by the rules of procedure of the InterAcademy Council.