Innovation Economics

Innovation Economics is a field that studies how new ideas, technologies, and creative processes drive economic growth and improve living standards. It emphasizes the importance of innovation—such as developing new products, services, or ways of doing things—as a key factor in increasing productivity and competitiveness. By fostering innovation, economies can create more jobs, enhance efficiency, and adapt to changing markets. This approach recognizes that knowledge, research, and creative collaboration are vital assets that fuel sustainable development and economic progress in a dynamic global environment.