Recent U.S. Economic Growth In Charts

The governments of Finland and Korea both have demonstrated during past downturns that bold innovation policy initiatives can accelerate structural changes which face high obstacles in normal times (Box 1). Such initiatives require proper framework conditions and a coherent crisis strategy. Anti-crisis policy measures can provide built-in incentives to innovate Clearly, innovation will be one of the keys to emerging from the downturn and putting countries back on a path to sustainable – and smarter – growth. Many governments have incorporated measures to strengthen innovation in their stimulus packages, and can also take action to improve their long-term potential for...