Innovate or Else: 6 Thinkers' Ideas
| January 7, 2008 |  View for printing |
Why are some nations richer than others? It comes down to productivity. The more output each worker can generate, the greater the wealth of a society and the faster the economy can grow. And key to productivity is innovation, the ability to generate new ideas—whether a new technology (the PC) or a new way of doing things (big-box retailing)—and use them wisely and widely in society.
"Innovation is the ultimate driver in the improvement of our standard of living by helping us create more value from the resources available to us," says innovation guru Paul Romer, an economics professor at Stanford University. "But it doesn't happen all by itself. We have to encourage innovation and the economic exploitation of discoveries."
By James Pethokoukis
Full Story: http://www.usnews.com/articles/busin ... -ideas.html
No reader comments so far. Be the first to comment by clicking the button below.
Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
