The most innovative countries and those that will be the most prosperous in the future will embrace a model of innovation economics that places technology, innovation and entrepreneurship at the center of economic policy making. Successful nations will not be content to wait for innovation to occur or expect it to happen as a byproduct of other activities, such as health-care spending or energy development.
The most innovative nations will not have private sectors that rely on government to provide economic leadership. Instead, private-sector leaders will search out innovation and actively involve government to create an environment that nurtures it. This implies that the push for government to establish competitive clusters or hubs is wrong-headed and placing the cart before the horse.