Getty Images/iStockphoto

India Must Build Its Growth Story Around Innovation

Innovation worries us. At one level, many perceive it as a threat to their jobs and, in fact, to their way of thinking and behaving. It challenges what they are used to. At another and more profound level, there is genuine fear of failure. After all, not all innovations succeed. Indeed, most fail. A combination of the above is often the reason why governments and institutions are usually averse to innovation and thus, change.

Will Paul Romer's Bold Ideas Save The Global Economy?

Many commentators are hopeful that Paul Romer will help usher in a new era for the global economy. Known for his work on the endogenous growth theory, he has demonstrated a deep interest in tackling poverty and inequality by giving more importance to investments in human capital, innovation, and knowledge. But, what thrills me most of all is his brilliant idea of “Charter Cities”.