I think innovation in information tech is very well established in developed nations but in the new industrial and the nations that are developing has been coming up with governmental invention to pump up the information technology innovations within the border. A short fall has been created because the lack of a coherent policy and advice for creating I.T signals. By the US-China Business Council it was reported that some foreign companies in China has increasing difficulty in making sales to the governmental entities in China. The emphasis on promoting the products of ingenuous innovation. Which refer to technology, maybe a brand that are owed by a Chinese company or a product. The primary benefit is about the products that innovation recognition in regards to government procurement (The Effects of Government-Industry R&D Programs on …show more content…
Also Innovation is very necessary to fuel our recovery whether it be the US or any other country. I believe a midst the worse of recession the objective has always been to rescue the economy. New foundations has to be build for a durable sustainable economic growth as long as the necessary steps are taken (A Strategy for American Innovation: Driving Towards Sustainable Growth and Quality Jobs, 2009).
I also think investments and innovation go hand in hand because it is the pillar of a new foundation. One must change with the economy because if the economy change with all the competition it is the only way to adapt. Other countries do know and understand that innovation is exceptional to the well being of the economy but are finding newer ways to advance the new innovations (A Strategy for American Innovation: Driving Towards Sustainable Growth and Quality Jobs,