INNOVATION-BASED ECONOMIES

My writing on the intellectual stultification that can occur in oil-based economies and on the potential economic benefits of an American "Green Revolution" (see the Thomas Friedman link in the previous post) overlap in at least one way: They both point to the relevance of an "innovation-based" economy.

I've touched on the importance of an innovation-based economy in terms of its potential to promote democracy.  Friedman (in another article) addresses the importance of a culture of innovation for securing American prosperity as global economic competition intensifies.