Conventional wisdom holds that Western economies are on the threshold of fast-and-furious technological development. Fredrik Erixon and Bjorn Weigel refute this idea, bringing together a vast
array of data and case studies to tell a very different story.
With expertise spanning academia and the business world, Erixon and Weigel illustrate how innovation is, in fact, being hampered by existing government regulations and corporate practices.
Capitalism, they argue, has lost its mojo. Assessing the experiences of global companies, including Nokia, Microsoft, IBM, and Apple, the authors explore three key themes: declining economic
dynamism in Western economies; growing corporate defensiveness to contest markets and innovate; and excessive regulation limiting the diffusion of innovation. At a time of low growth, high
unemployment, and growing income inequality, innovation-led growth is more necessary than ever, and this book unequivocally details the obstacles hindering our future prosperity.
