What is the Innovation Economy, and how does BIA fit into it?
The term “innovation economy” was coined by economist Joseph Schumpeter in the 1942 book, Capitalism, Socialism and Democracy. In the book, Schumpeter argued that innovation drives economic growth and that economies that can innovate more quickly will be more successful in the long run. Economists such as Robert Solow and Paul Romer further developed Schumpeter’s […]