The Imperative of Innovation: Creating Prosperity in Latin America and the Caribbean: 2nd Edition

Abstract

The advent of the knowledge economy has highlighted the increasing importance of innovation and intellectual assets as sources of competiveness and long-term growth. Climate change and the limits to conventional sources of energy are challenges requiring urgent action and international coordination. Governments in the developed world recognize that increasing investment in knowledge and innovation will spur economic recovery and contribute to the development of new, sustainable economic competencies (OECD, 2009).