The Common Innovation Infrastructure
This is the set of crosscutting factors that support innovation throughout an entire economy. They include the overall human and financial resources a country devotes to scientific and technological advances, the public policies bearing on innovative activity and the economy’s level of technological sophistication. Important policy choices include the protection of intellectual property, the extent of tax-based incentives for innovation, the degree to which antitrust enforcement encourages innovation-based competition and the openness of the economy to trade and investment. A strong common innovation infrastructure requires national investments and policy choices stretching over decades.