TOR WS 3.3 Promoting Innovation and Creativity

Innovation and creativity matters! The reality of the so-called “knowledge economy”, is that innovation and creativity are fast becoming the “only” competitive advantage of nations. Innovation and creativity directly impacts the capacity to export. In fact, the countries that have experienced the most rapid growth are the ones that have gradually shifted their export structures over time from low technology, low-skills, and largely labor-intensive products to high technology and high-skill products.