OECD Forum 2007
As the 8th annual OECD Forum in May showed, everyone agrees that innovation is important, but not everyone agrees on the reasons why.
Innovation is the key for endless economic well-being! Innovation is the only effective response to today’s globalisation! We all want more innovation!
These were some of the cries of government and business speakers at this year’s OECD Forum as they stressed the crucial role innovation plays in competitiveness, productivity and national progress. After all, innovation has driven much of the rise in living standards since the Industrial Revolution. And to remain competitive in the face of China and India, OECD countries realise they must move up the value chain and engage in a continuous process of adjustment and innovation.
More equitable global development is also possible thanks to innovation, according to a number of speakers. For example, in the Philippines, the average waiting time for a fixed-line telephone was 14 years in the 1980s. Now everyone can buy a mobile phone, and Manila has become the world’s texting capital.
See full Article.
Posts
