Innovation is far more than invention; it is the creation, implementation, and marketing of new processes, products, and services. Innovation contributes to productivity, economic growth, social benefits, and capacity for future innovation and growth. A wide range of policies are needed to support innovation, since successful innovation depends on people, investment, infrastructure, markets, and freedom to create and act. These many factors and lag times means that innovation policy must take a long-term perspective.

CCIA’s View:

Encouraging innovation should be a paramount policy goal in all policy domains, not just those that are traditionally linked to it, such as the funding of basic research, patents, and technology transfer. Policies should take a long-term view attuned to future innovators, rather than rewarding past innovators. The former are likely to be underrepresented, while the latter have usually reaped the benefits of innovation and are able to make their needs heard. Policies should recognize that innovation practices and patterns vary widely – especially across different industries – and that digital technology is playing a major role in enabling new forms of innovation.

 

Most Recent Statements:

Brookings Panel on “Fostering Internet Competition”

Brookings Panel on “Fostering Internet Competition “The Brookings Institute held a panel discussionWednesday on “Fostering Internet Competition” to highlight a new Brookings paper “How to Maintain a Competitive Internet.” Darrell West, who moderated the discussion, wrote that by 2016 analysts estimate the digital economy will amount to $4.2 trillion among G-20 nations – nearly double the…

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OECD Report Highlights Economic Growth From Internet

Yesterday, the OECD published a new report on the development and future outlook of the Internet economy. Titled “OECD Internet Economy Outlook”, this report reveals the importance of the Internet economy for driving growth and innovation. The report shows how the Internet economy has transformed peoples’ and businesses’ lives in a decade full of disruptive change. Below…

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