What role does government play in innovation?

April 01, 2019

If you're a government -- say, the Chinese government -- looking to spur more innovation in your country, how do you do that? You can think of innovation as a ladder of sorts. It might start with imitation and then progress to adaptation, like tweaking a foreign idea to develop it for a local market. Finally, hopefully, you reach invention, perhaps even big, industry-changing ones.