THE ROLE OF INNOVATION

INNOVATION IS INSTRUMENTAL TO THE INCREASE OF HUMAN WELL-BEING. IT CAN MAKE A DIFFERENCE IN ADDRESSING URGENT DEVLEOPMENTAL CHALLENGES SUCH AS PROVIDING ACCESS TO DRINKING WATER, ERADICATING NEGLECTED DISEASES, AND REDUCING HUNGER. TECHNOLOGY AND TECHNOLOGICAL ADVANCES ARE A KEY COMPONENT OF INNOVATION –THEY RAISE PRODUCTIVITY AND, BY EXTENSION, CONTRIBUTE TO ECONOMIC GROWTH: PARTICULARLY IN HIGH-MIDDLE–INCOME ECONOMIES, THE EVIDENCE OF INNOVATION’S VITAL IMPORTANCE IS OVERWHELMING

THE GLOBAL INNOVATION INDEX BY JOHNSON CORNELL UNIVERSITY, INSEAD AND W.I.P.O.

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