1

For companies and countries, innovation is an essential part of sustainable competitive advantage, increased productivity and economic progress.

2

Innovation acts as a key determinant of long-term growth by improving ways of combining capital and labor.

3

About half of the disparity in income levels and growth rates between countries due to differences in total factor productivity.

4

Studies have concluded that investment in research and development explains up to 75% of the differences in total factor productivity growth rates.

5

A decisive factor for an economy based on knowledge is the exponential growth of information generated by the expansion of information technology and communications.