April 5, 2013    Overcoming the     Challenges to   Global InnovationRob Atkinson, PresidentThe Information Technology and...
What is Innovation?“To innovate . . . is to challenge and change the status quo to enhance the customer’s experience and ...
Why Do We Need Innovation More Than Ever? Baby-boom retirement in developed nations requires significantly higher product...
Innovation Will Always Happen“Technological possibilities are an uncharted sea.” Joseph Schumpeter                       ...
But Today, Innovation Faces Headwinds Tyler Cowen: “The Great Stagnation: How  America Ate All The Low-Hanging Fruit of  ...
Threats to Global Innovation SuccessIncumbent Opposition                                        6
Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and Traditionalists                                ...
Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and TraditionalistsNeoclassical Economists        ...
Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and TraditionalistsNeoclassical EconomistsBusines...
Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and TraditionalistsNeoclassical EconomistsBusines...
Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and TraditionalistsNeoclassical EconomistsBusines...
Overcoming the ThreatsEmbrace Anti-Ludditism                          12
Overcoming the ThreatsA Bretton Woods for the Innovation Economy                                              13
Overcoming the ThreatsEmbrace Innovation Economics  www.innovationeconomics.org/type                                     14
www.globalinnovationrace.com                               15
Thank YouRobert D. Atkinson       ratkinson@itif.orgFollow ITIF          www.itif.org          @RobAtkinsonITIF          w...
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Overcoming the Challenges to Global Innovation

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ITIF president Rob Atkinson delivers the keynote address at the STGlobal Conference. STGlobal Consortium is an international, interdisciplinary organization of leading graduate programs in science and technology policy (STP) and science and technology studies (STS). Its mission is to inspire and challenge graduate students to contribute to the forefront of research on science and technology policy and social issues, and to foster mutual understanding in the S&T community.

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Overcoming the Challenges to Global Innovation

  1. 1. April 5, 2013 Overcoming the Challenges to Global InnovationRob Atkinson, PresidentThe Information Technology and Innovation Foundation
  2. 2. What is Innovation?“To innovate . . . is to challenge and change the status quo to enhance the customer’s experience and bring new forms of value to them.” (General Electric)“The transformation of existing conditions into preferred ones.” (John Kao) 2
  3. 3. Why Do We Need Innovation More Than Ever? Baby-boom retirement in developed nations requires significantly higher productivity growth if we want to not reduce real per-capita incomes. Global challenges of climate, poverty, water, etc. And because more innovation is good. 3
  4. 4. Innovation Will Always Happen“Technological possibilities are an uncharted sea.” Joseph Schumpeter 4
  5. 5. But Today, Innovation Faces Headwinds Tyler Cowen: “The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better” Robert Gordon: “The frontier established by the U.S. for output per capita, and the U. K. before it, gradually began to grow more rapidly after 1750, reached its fastest growth rate in the middle of the 20th century, and has slowed down since. It is in the process of slowing down further.” 5
  6. 6. Threats to Global Innovation SuccessIncumbent Opposition 6
  7. 7. Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and Traditionalists 7
  8. 8. Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and TraditionalistsNeoclassical Economists 8
  9. 9. Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and TraditionalistsNeoclassical EconomistsBusinesses That Focus on the Short Term 9
  10. 10. Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and TraditionalistsNeoclassical EconomistsBusinesses That Focus on the Short TermGovernments That Ignore Innovation 10
  11. 11. Threats to Global Innovation SuccessIncumbent OppositionNeo-Luddites and TraditionalistsNeoclassical EconomistsBusinesses That Focus on the Short TermGovernments That Ignore InnovationGovernments That Harm Innovation (Innovation Mercantilism) 11
  12. 12. Overcoming the ThreatsEmbrace Anti-Ludditism 12
  13. 13. Overcoming the ThreatsA Bretton Woods for the Innovation Economy 13
  14. 14. Overcoming the ThreatsEmbrace Innovation Economics www.innovationeconomics.org/type 14
  15. 15. www.globalinnovationrace.com 15
  16. 16. Thank YouRobert D. Atkinson ratkinson@itif.orgFollow ITIF www.itif.org @RobAtkinsonITIF www.innovationfiles.org facebook.com/innovationpolicy www.youtube.com/techpolicy

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