Blog
A2 Micro: Innovation in Markets
4th May 2011
This is a revision presentation covering aspects of innovation in markets. A PDF version of the presentation designed as a handout can be downloaded here.
Drivers of innovation
Recession (necessity the mother of invention?)
Tax credits for R&D and lower corporation tax
Entrepreneurship – an “agent of innovation”
Creative clusters / external scale economies
Open Global Trade and Investment
Migration of skilled workers / diversity of pop
Investment in science & tech (human capital)
Decentralised management / willingness to take risks and survive failures
Protection of Intellectual Property so that returns from innovation can be commercialised
Horizontal co-operation between firms
Innovation and invention prizes
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.