Innovation-Led Economic Growth

Citation
Charles Rice & Erol Yayboke, Innovation-Led Economic Growth: Transforming Tomorrow's Developing Economies through Technology and Innovation (CSIS) (Sept. 5, 2017) (full-text).

Overview
This report proposes that "The United States can (and should) position itself as the partner of choice for developing countries that want to transform their economies through science, technology, and innovation. It has unique assets that it can offer to help developing countries achieve this goal: American universities, research, and companies are the envy of the entire world. Large foreign student and diaspora populations in the United States could also serve as natural connectors for future partnerships that help build diplomatic and economic ties."

"It is clearly in the U.S. interest to assist and partner with countries seeking this kind of transformation. Emerging economies are future markets for trade and investment, and promoting economic growth abroad creates jobs and wealth back home. Helping developing countries meet their hopes and aspirations also strengthens friendships and alliances that help with burden sharing and global public goods. Rich countries do not have a monopoly on innovation, and we need more brain power from around the world focused on solving our shared global challenges."