Impact of innovation on economic growth, foreign direct investment, and self-employment

The Impact of Innovation on Economic Growth, Foreign Direct Investment, and Self-Employment: A Global Perspective

A groundbreaking new study by Dr Juan Dempere, Dr Muhammad Qamar, Dr Hesham Allam, and Dr Sabir Malik provides a fresh perspective on the profound impact of innovation on economic growth, foreign direct investment, and self-employment. The article titled “The Impact of Innovation on Economic Growth, Foreign Direct Investment, and Self-Employment: A Global Perspective” utilizes the Global Innovation Index to offer insights into how innovation stands as a vital contributor to a nation’s GDP. Highlighting innovation’s significant role in economic prosperity, the study provides an in-depth exploration of how innovation inputs and outputs are tied to a nation’s economic health. In an intriguing inverse correlation, the research points out that as innovation flourishes, necessity-driven entrepreneurship declines due to the rise of formal job opportunities. The research delves into this dichotomy by examining the balance between necessity and opportunity-driven entrepreneurship. The paper also presents intriguing findings regarding the lack of significant correlation between innovation and foreign direct investment. Regardless of your background - academic, policymaker, entrepreneur, or simply an economics enthusiast - this lecture offers an opportunity to immerse yourself in this groundbreaking research. The study’s findings could inspire innovative strategies and policies, shaping the pathway to a robust, vibrant economy.