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Making It #13 - Innovation

Making It #13 - Innovation

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Published by Making It magazine
According to a leader published in The Economist in February 1999, “innovation has become the industrial religion of the late 20th century.” The leader continued, “Business sees it as the key to increasing profits and market share. Governments automatically reach for it when trying
to fix the economy.”

Since then, the relevance and importance of innovation has grown still further. Over the past two decades, it has become clear that it has a pivotal role in development. The build-up of innovation capacities has played, and continues to play, a central role in the growth dynamics of successful developing countries.
According to a leader published in The Economist in February 1999, “innovation has become the industrial religion of the late 20th century.” The leader continued, “Business sees it as the key to increasing profits and market share. Governments automatically reach for it when trying
to fix the economy.”

Since then, the relevance and importance of innovation has grown still further. Over the past two decades, it has become clear that it has a pivotal role in development. The build-up of innovation capacities has played, and continues to play, a central role in the growth dynamics of successful developing countries.

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Published by: Making It magazine on Jun 11, 2013
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10/18/2013

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MakingI
IndustryforDevelopment
Innovation
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ArnoldSchwarzenegger
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Montenegro
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 Jugaad: thinkfrugal
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Ethiopia’ssoleRebels
Number13
 
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Feeding a crowded world –IFAD’s Kanayo Nwanze arguesthat smallholder farmers musthave opportunities to beentrepreneurs
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A quarterly magazine.Stimulating, criticaland constructive.A forum for discussionand exchange about theintersection of industryand development.
 
MakingIt 
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Editorial
According to a leader published in
The Economist 
in February 1999,“innovation has become the industrial religion of the late 20th century.The leader continued, “Business sees it as the key to increasing profitsand market share. Governments automatically reach for it when tryingto fix the economy.Since then, the relevance and importance of innovation has grownstill further. Over the past two decades, it has become clear that it has apivotal role in development. The build-up of innovation capacities hasplayed, and continues to play, a central role in the growth dynamics of successful developing countries.There are other compelling reasons why the issue of technologicalinnovation demands attention. The world is in the midst of a seriouseconomic crisis, and technology can be a means of re-launching orrecreating economic activities worldwide. Major environmentalchallenges, in particular, climate change and resource scarcity, requirewide-ranging changes in patterns of production and consumption.The global system is undergoing a profound transformation based oninformation technology and other fields such as biotechnology andnanotechnology.All over the world, people are realizing that we should be morefrightened of sticking with old ideas than embracing new ones.
   I   l   l  u  s   t  r  a   t   i  o  n  :  w  w  w .   C  a  r   t  o  o  n   S   t  o  c   k .  c  o  m
“This really is an innovative approach,but I’m afraid we can’t consider it.It’s never been done before.”

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