The Global Innovation Revolution
As countries around the world struggle to lay the foundations for faster sustainable growth, they would do well to focus on policies that encourage innovation, which is the primary source of technological change and productivity growth. Over the past decade, Asia has done that, whereas Europe, the US, and Japan have not.
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BERKELEY – As countries around the world struggle to lay the foundations for stronger sustainable growth in the future, they would do well to focus on policies that encourage innovation. Empirical studies across time and countries confirm that innovation is the primary source of technological change and productivity growth. And investments in research and development, as well as in the scientific and engineering workforce on which they depend, are critical drivers of innovation and national competitiveness.