Innovation is a driver of economic development

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Information about Innovation is a driver of economic development

Published on March 12, 2014

Author: FlorenciaBunge



Innovation is a driver of economic development Innovation is a driver of economic development By: Florencia Bunge The World Economic Forum , an international organization that brings together world political and business leaders to discuss the implementation of development policies , published in September 2013 the annual Global Competitiveness Index (GCI for short ), which this time evaluates 148 developed and developing countries, and the policies and factors that determine the productivity of economies. The GCI is a comprehensive and detailed report, but really interesting, indicates that despite the strong economic growth experienced, Latin America has low productivity. The report provides a general stagnation of competitive states in the region. About countries, Chile (34th) continues to lead the regional ranking, ahead of Panama (40), Costa Rica (54th) and Mexico (55 °), which are relatively stable. Brazil lost eight positions (56 º). After reading the report, I think sometimes it's important to sit down and reflect on what factors influence the progress of a country's economy to improve, this in terms of competitiveness. Of all the analyzable factors such as education, social development, efficiency in the labor sector, market sophistication and technological readiness, among others, there is an undeniable element in the XXI century that will be the difference between one country and another: innovation. The question here is why innovation is a key factor. The answer is simple, because is not only technologically more competitive, but also helps prevent the needs of a nation. A country that innovates is able to react to the vagaries imposed by globalization and move towards higher value-added activities that strengthen the competitiveness of its economy. Como dijo Klaus Schwab, Fundador y Presidente Ejecutivo del Foro Económico Mundial, en el informe "La innovación se está convirtiendo en esencial en términos de la capacidad de una economía para mejorar, dijo que su prosperidad futura. Competitividad requiere tener los elementos adecuados para la innovación, de instituciones públicas fuertes a la educación y un entorno propicio. es esencial que los líderes en el campo de los negocios, el gobierno y la sociedad civil a que cooperen y actúen de un objetivo transparente y comprometido a lograr este beneficio mutuo compartido”. This article has been based on Florencia Bunge personal opinion.

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