Former chief economist of IMF Simon Johnson echoed the proper role of government in boosting innovation within its territories. : //In innovation-based economies (as the Global Entrepreneurship Monitor classifies them), what governments really need to do is to encourage people – entrepreneurs and the equity investors who back them – to take risk and ensure that failure is seen in a positive light, rather than as some kind of stigma. The message should be: Go out and start a business, based on your best idea. Find a technology with a new application or develop a different way to make customers happy. If it doesn’t work out, you have still developed important skills and made a major contribution to society.//
Posted on: Sun, 25 Aug 2013 02:21:33 +0000
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