Business and Management/You are a government minister of economics and finance and you have been tasked to speak with your chambers of business in your country about what the next 5 years look like and how you plan to take your country into the next level of economy.


You are a government minister of economics and finance and you have been tasked to speak with your chambers of business in your country about what the next 5 years look like and how you plan to take your country into the next level of economy. Your country is similar to the United States as an Innovation-driven economy that has a skilled and intelligent labor force and a robust free market enterprise. However, you are aware that some other countries are in the process of transitioning from Efficiency-driven economy into innovation-driven and that can potentially be harmful to your economy. How do you maintain competitive advantage without losing momentum of being an innovation-driven economy?