Book contents
- Frontmatter
- Contents
- Notes on Contributors
- Foreword by His Excellency Bernard Emié
- Foreword by Sir Peter Westmacott
- Preface
- Part I Teaching and Training Partnerships
- Part II Research Partnerships
- Part III Broader Perspectives
- 20 Faire Mieux Ensemble: A New Approach to Franco-British Research Collaboration for Growth and Employment
- 21 Internationalising Higher Education: The Role of the British Council
- 22 CampusFrance, the French Agency Dedicated to International Mobility in Higher Education and Research
- 23 The Role of the UK Media in the Communications Strategies of France's Grande École Business Schools
- 24 The Franco-British Connections: A Student/Alumni Network Supporting Franco-British Student Initiatives
- 25 A Golden Triangle: Universities, Research and Business. A Comparative Perspective Between the UK and France
- Appendices: Addresses and Speeches at the Franco-British Academic Partnerships Seminar, French Institute, London, 5 February 2010
- Index
25 - A Golden Triangle: Universities, Research and Business. A Comparative Perspective Between the UK and France
from Part III - Broader Perspectives
- Frontmatter
- Contents
- Notes on Contributors
- Foreword by His Excellency Bernard Emié
- Foreword by Sir Peter Westmacott
- Preface
- Part I Teaching and Training Partnerships
- Part II Research Partnerships
- Part III Broader Perspectives
- 20 Faire Mieux Ensemble: A New Approach to Franco-British Research Collaboration for Growth and Employment
- 21 Internationalising Higher Education: The Role of the British Council
- 22 CampusFrance, the French Agency Dedicated to International Mobility in Higher Education and Research
- 23 The Role of the UK Media in the Communications Strategies of France's Grande École Business Schools
- 24 The Franco-British Connections: A Student/Alumni Network Supporting Franco-British Student Initiatives
- 25 A Golden Triangle: Universities, Research and Business. A Comparative Perspective Between the UK and France
- Appendices: Addresses and Speeches at the Franco-British Academic Partnerships Seminar, French Institute, London, 5 February 2010
- Index
Summary
Tomorrow's Employment Lies in Innovation and the Knowledge-Based Economy
Today, innovation is necessary to survive. The global market has become so competitive that innovation is now as valuable an investment as sales and marketing. Markets are becoming more global, not less, so the value of innovation will continue to increase. It is not just the invention of a new idea that is important but it is actually bringing it to the market, putting it into practice and exploiting it in a manner that leads to job and wealth creation. Recessions can be a breeding ground for innovation activities and entrepreneurship, generating new sources of growth. Companies like Microsoft, Google, Nokia, Blackberry were all born, or reborn, during an economic downturn. In fact, over half of the companies on the 2009 Fortune 500 list began during a recession or bear market.
The importance of innovation as a driver of growth was recognised in many of the stimulus packages that were launched to offset the impact of the recent economic crisis. Many countries increased their public investment in education, research and ‘smart’ infrastructure to strengthen their growth performance. But now, with the weight of fiscal deficits, there is a risk of such spending being cut. This would be a mistake. While cuts may provide short-term fiscal relief, it will hurt growth in the long term. But this not just about spending.
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- Franco-British Academic PartnershipsThe Next Chapter, pp. 193 - 200Publisher: Liverpool University PressPrint publication year: 2011
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