In recent decades as many countries have developed sophisticated national innovation strategies, the U.S. has generally avoided attempts to introduce a coordinated innovation policy system. Instead, U.S. leaders have placed their trust in the market, rather than the government, to generate knowledge, products and businesses. A new report from the Information Technology and Innovation Foundation (ITIF) suggests that this approach ignores a major factor in the success of innovation economies. Modern, competitive nations rely on three elements that comprise an “Innovation Success Triangle” – business environment, regulatory environment and innovation policy system.
To read the original article: Weak Innovation Policy Environment Hampers U.S. Competitiveness, Finds ITIF | SSTI
