Worldwide, politicians and policymakers lust after innovation, proclaiming it to be the ultimate solution to all economic maladies everywhere. Practically every country aspires to create its own Silicon Valley.
What a bad idea.
Not only is Silicon Valley pretty much impossible to recreate as an innovation eco-system, it’s also no longer the only global paradigm for innovation. The world has changed — drastically. But our understanding of how innovation works, and who benefits, has failed to change with it.
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