Why aren't poor countries more innovative?

11/7/2013 | Gallup Business Journal

Global income inequality drags down innovation by leaving many creative people without the infrastructure needed to commercialize their ideas, says author and Princeton University researcher Angus Deaton. Building a factory to make cutting-edge new products in Zimbabwe wouldn't work, no matter how good the ideas behind the products, Deaton explains. "It would be a disaster, because Zimbabwe has a corrupt, oppressive government, and nothing works. That's one of the reasons why Zimbabwe is so poor," he says.

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