
An S-Shaped Adventure Part 2 with Theodore Modis
The Innovation Show
The Relationship Between Industrial Innovation, Economic Development, and Patents
This chapter explores the relationship between industrial innovation, economic development, and patents. It analyzes the correlation between the peak of US patent applications and the peak of US GDP, arguing that prosperity drives technological breakthroughs. The decline in the American share of Olympic gold medals and the decline of the US GDP share as India and China rise are also discussed as parallel examples.
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