Democratizing innovation to spur growth

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IMF PODCASTS

WASHINGTON, USA – Never underestimate the value of a good idea. Ideas are the starting point for innovation; few things fuel economic growth more than innovation.

However, most of today’s innovators emerge from a narrow demographic group with specific backgrounds, which Xavier Jaravel says creates the phenomena of “Lost Einsteins” and “Lost Marie Curies”.

Jaravel is a professor of economics at the London School of Economics. In this podcast, he talks about the benefits of unleashing untapped talent and broadening the pool of innovators worldwide. Transcript

Read the article in Finance & Development

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