Considering these various factors—namely, sluggish investment,
continued weak growth, and persistent
unemployment—boosting
innovation expenditures from businesses
and ensuring the dynamic
impact needed to re-fuel global
growth is the challenge. This objective
will require not only longer term
strategies on the corporate
side but also ambitious policies from
governments.
Importantly, the challenge of
sustaining growth and innovation is
no longer the prerogative of high income
countries alone. This is why
this year’s GII explores the theme
of ‘Effective Innovation Policies for
Development’.