Meeting Global Challenges: German-U.S. Innovation Policy: Summary of a Symposium
National Research Council, Policy and Global Affairs, Board on Science, Technology, and Economic Policy, Committee on Comparative National Innovation Policies: Best Practice for the 21st Century
National Academies Press, Oct 25, 2012 - Technology & Engineering - 240 pages
While nations have always competed for territory, mineral riches, water, and other physical assets, they compete most vigorously today for technology-based innovations and the value that flows from them. Much of this value is based on creating scientific knowledge and transforming it into new products and services for the market. This process of innovation is complex and interdisciplinary. Sometimes it draws on the genius of individuals, but even then it requires sustained collective effort, often underpinned by significant national investments. Capturing the value of these investments to spur domestic economic growth and employment is a challenge in a world where the outputs of innovation disseminate rapidly. Those equipped to understand, apply, and profit from new knowledge and technical advances are increasingly able to capture the long-term economic benefits of growth and employment.
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