Innovation and the State

Danny Breznitz discusses the economics of innovation, emphasizing the distinction between innovation and invention. He highlights the role of globalization in fragmenting production and the importance of tailored innovation policies for different countries. Breznitz argues that the state plays a crucial role in fostering innovation by reducing risks for entrepreneurs. He critiques the Silicon Valley model, noting its limitations and potential to exacerbate inequality. Breznitz suggests that innovation policies should focus on equitable growth and address inequality by engaging disadvantaged groups and regions.

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