How innovation works
Resource Information
The work How innovation works represents a distinct intellectual or artistic creation found in City of Stirling Library Services. This resource is a combination of several types including: Work, Language Material, Books.
The Resource
How innovation works
Resource Information
The work How innovation works represents a distinct intellectual or artistic creation found in City of Stirling Library Services. This resource is a combination of several types including: Work, Language Material, Books.
- Label
- How innovation works
- Statement of responsibility
- Matt Ridley
- Language
- eng
- Summary
- The products of innovation are all around us, from light bulbs and nuclear energy to antibiotics, artificial intelligence and even wheelie suitcases. In the 1950s, the economist Robert Solow calculated that 87% of economic growth came not from applying more capital or more labour, but from innovation making people more productive. It's probably even higher today -- new materials, new machines and new ideas to cut costs and enable people to spend less time fulfilling more of their needs: that's what growth means. But innovation is still a remarkably mysterious process. It's more than just the invention of a new gadget: it requires lots of hard work making something affordable and useful. Innovation is an evolutionary activity that happens in the cloud of shared experiences; it relies on recombination or exchange; it is incremental; it feeds upon itself. And innovation is the great equaliser: today some of the poorest African communities have mobile phones that work as well as Tim Cook's. Innovation is why the number of people living in extreme poverty is declining rapidly and it is the reason the number will continue to decline
- Index
- index present
- Literary form
- non fiction
- Nature of contents
- bibliography
- Target audience
- adult
Context
Context of How innovation worksWork of
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.stirling.wa.gov.au/resource/SHpN3FvcoEI/" typeof="CreativeWork http://bibfra.me/vocab/lite/Work"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.stirling.wa.gov.au/resource/SHpN3FvcoEI/">How innovation works</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.stirling.wa.gov.au/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.stirling.wa.gov.au/">City of Stirling Library Services</a></span></span></span></span></div>
