Innovation in its modern meaning is “a new idea, creative thoughts, new imaginations in form of device or method”. In business and in economics, innovation can become a catalyst for growth. With rapid advancements in transportation and communications over the past few decades, the old-world concepts of factor endowments and comparative advantage which focused on an area’s unique inputs are outmoded for today’s global economy.
Download Innovation eBook
Frank K. Reilly 1 4,041