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The Innovation Imperative

Contributing to Productivity, Growth and Well-Being

image of The Innovation Imperative

Well-timed and targeted innovation boosts productivity, increases economic growth and helps solve societal problems. But how can governments encourage more people to innovate more of the time? And how can government itself be more innovative?

The OECD Innovation Strategy provides a set of principles to spur innovation in people, firms and government. It takes an in-depth look at the scope of innovation and how it is changing, as well as where and how it is occurring, based on updated research and data.

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Preface

Innovation provides the foundation for new businesses, new jobs and productivity growth and is a key driver of economic growth and development. Innovation can also help address pressing social and global challenges, including demographic shifts, disease threats, resource scarcity and climate change. Innovative economies are more productive, more resilient, more adaptable to change and better able to support higher living standards. Strengthening innovation is therefore a fundamental challenge for countries in their quest for greater prosperity and better lives. This new OECD report on The Innovation Imperative – Contributing to Productivity, Growth and Well-Being provides a toolbox for governments that wish to strengthen innovation and make it more supportive of inclusive and green growth.

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