DANCEST 805 Lecture Notes - Lecture 16: Magnetic Resonance Imaging, Disruptive Innovation, Sustainable Energy
Document Summary
Innovation is a driver of driver of economic productivity, social progress, global competitiveness and ultimately human achievement. Developed countries" mnes (dmnes) keep their success through capital-intensive r&d, and high-tech innovation. Ems" mnes (emnes) innovate more (mobile magnetic resonance imaging (mri) in india), addressing specific market gaps and failures. Integrated and open global market (institutional changes, liberalism): gatt, wto, etc: emerging economies. With increasingly skilled workforces and rising disposable income, em are fertile grounds for both innovation and end market success. Economic activity ties together a series of actors (governments, corporations, individuals) in a series of interactions, and innovation can occur at any juncture in this chain. As the process of creative destruction has accelerated, all economic actors face the pressure to innovate. The efforts to promote innovation can be from 3 distinct levels (later in the summary): It occurs in every region around the world.
