Why is innovation important?
Innovation leads to job growth by…
- Giving a nation an advantage in being the first to sell new products and services
- Leading to a cycle of expanding employment
- Leading to higher productivity, which expands domestic economic activity and creates jobs
One measure of innovation-based competitiveness is a country’s overall strength in science, technology, engineering, and math (STEM) ability.
By 2018, STEM jobs are projected to grow at nearly double the rate compared to all