Posts Tagged: "global innovation"

Innovation can create economic success in developing countries facing the middle-income trap

A rising tide lifts all boats. While an age-old saying, the concept is relatively simple really. Of course, the path to broad based economic opportunity for all has been elusive for many countries. If underdeveloped and developing countries are going to transform economically, they need to encourage and support innovation. That means many countries like those facing the so called middle income trap like China, South Africa and Brazil, may want to think about IP protection and enforcement and what it could mean for economic development, in terms of encouraging foreign investment, and with respect to raising the quality of life.

Pace of global innovation rises at slowest rate since 2009 global recession

Global innovation continued to climb during 2014 but at the slowest pace seen since the global economic recession hit in 2009. The Reuters report didn’t draw any specific conclusions as to why the innovation slowdown had occurred but did draw a correlation between published scientific literature and patenting activities, noting that the former typically precedes the latter by three to five years. As graphs published in the Reuters study clearly show, scientific literature publications in 12 industries increased between 2008 and 2009 at a slower rate than prior years, mirroring the patenting slowdown experienced this year. Troublingly, a steep drop in published scientific literature was experienced in 2010, so if this model holds we may see a reduction in global patenting activity when the annual Reuters innovation study comes out next year.