Why some countries are more innovative than others?

Many people attribute it to characteristics the two nations share: heterogeneous and multi-faceted immigrant populations, huge government investment in defense (a catalyst for commercial innovation), strong democratic values, commitment to intellectual property protection and educational systems that emphasize …

What drives the need for innovation?

This paper surveys the recent literature, focusing on three main drivers: intellectual property rights institutions, the supply-side of technical change, and the financing of innovation. Research in these areas reveals that laws and economic environments can create powerful incentives and disincentives for innovation.

Why might the level of innovation vary across countries and regions?

Why does the intensity of innovation vary across countries? In other words, innovation intensity depends on an interaction between private sector strategies and public sector policies and institutions. Competitiveness advances when the public and private sectors together promote a favorable environment for innovation.

Why do countries innovate?

Countries also can innovate in response to a threat. Often countries want to remain competitive and perceive the threat of falling behind as their main motivator. For example, the United States dramatically accelerated its technology research after the Soviet satellite Sputnik was launched into orbit.

What is innovation and factors that lead to innovation?

These factors include the activities of customers, competitors and suppliers; labour market, legal, regulatory, competitive and economic conditions; and the supply of technological and other types of knowledge of value to innovation.

What were the major factors that contributed to past innovations of the invention that you researched?

The major factors that contributed to past innovations of the invention we researched were competition between companies, customer satisfaction, and the constant innovations to the technology available.

What does drive innovation mean?

The conditions for driving innovation projects are completely different from the ones in action when driving other types of projects. Driving innovation means driving something new and unknown, which is going to create value [further discussed in What is Innovation?].

What is America’s greatest innovation?

The sewing machine was invented in 1846 by Elias Howe in Massachusetts. Today sewing machines are used by countless artists, designers, and hobbyists.

What American inventions changed the world?

Top 20 Famous American Inventions

• Ferris wheels.
• Chocolate chip cookies.
• Dental floss.
• Clasp lockers.
• Hearing aids.
• Cardiac defibrillators.
• Radiocarbon dating.
• Traffic lights.

What caused the rise of innovation in the Middle East?

It is quite possible that a system of contending states, and weakening religious governance, was a factor in creating space for innovation and markets. Spin-offs from military technologies and organisation also furthered research and state development.

Is the west more advanced than the rest of the world?

Even 200 years ago, the west – if by that we mean the powers of western Europe and then the US – was not significantly richer nor more advanced than the rest of the world: think of the Ottomans, Qing China, the Mughals. Much of North America and sub-Saharan Africa remained beyond the control of western powers.

Is Western dominance by the few becoming history?

That new system first appeared a century ago but its emergence suggests that both western dominance and the exploitation of the many by the few might soon become history. In short, domination by the few in the west has not lasted so very long – but long enough.

What makes Western countries so dominant in Asia?

Arne Westad is ST Lee professor of US-Asia relations at Harvard University, and an expert on contemporary international history and the eastern Asian region. Local resources and technological advances (here, at a Krupp factory in Germany) fuelled western dominance – but other regions are catching up. (Getty Images)