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Innovation drives economic growth

Michael Kremer March 2024 “Economics and Innovation” https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Economics-and-innovation-Michael-Kremer

We know that innovation is a key driver of economic growth, but technical and social innovation has also spurred improvements in health, inequality, and social relations. Contemporary innovations in biology and artificial intelligence have tremendous potential to promote prosperity, improve health and education (including for the world’s most disadvantaged), and address global challenges such as pandemics and climate change.

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