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Innovation, a driver of global competitiveness

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THE pages of history show a vivid transformation, as once prosperous areas falter and previously underdeveloped regions flourish with prosperity and growth. The contrasting outcome is a direct consequence of the choices made by societies over time. Societies that stayed committed to the pursuit of knowledge continued to thrive in every aspect of life. Societies that failed to uphold core values experienced a descent into chaos and disintegration. The study of nations’ growth reveals two distinct trajectories: prioritizing intellectual and cognitive development led to the birth of advanced industrial societies, placing them at the forefront of global progress. In contrast, nonliterate farming communities fell behind in the competition for growth and development.

This contrast has created a clear division between the Global North and the Global South, significantly impacting human history. Progress, prosperity and innovation flourish in developed states of the Global North, whereas the Global South grapples with underdevelopment and stagnation. The crucial question is: What was the cause of such a substantial disparity between these regions? The progress divide between these two regions was exacerbated by various factors. A significant factor that completely altered the course of progress in these societies was their openness to innovation. Innovation is the result of deliberate efforts, not luck. Meeting certain requirements is crucial for the success of innovation in society. Innovation flourishes in societies that prioritize inclusivity and provide equal opportunities and resources. England’s early adoption of inclusivity laid the groundwork for global innovation well ahead of the Industrial Revolution. The prevalence of inclusivity in England’s society allowed for groundbreaking innovations such as the light bulb, railway networks and television.

Moreover, societies that provide a safety net for their citizens are more likely to foster innovation. The presence of an extensive social safety net, encompassing education, healthcare and social security services, empowers individuals to take risks without the worry of failing. Nations that offer a minimum income and secure social survival give courage to countless entrepreneurs to pursue unexplored domains and achieve the unimaginable. Western societies offer a safety net to brilliant minds capable of revolutionizing society through innovation. Unfortunately, entrepreneurs in developing states face heightened vulnerability due to the absence of a security net, risking permanent downfall. Furthermore, the protection of property rights is vital for encouraging innovation. Countries that prioritize property rights protection, such as the United States, have given rise to pioneering companies like Apple and Microsoft, propelling them to the forefront of technological innovation.

Additionally, societies that have inclusive institutions promoting equal distribution of wealth and opportunities are ideal for innovation. The innovative strength of Denmark, Switzerland and Sweden is backed by inclusive institutions that prioritize competitiveness and equal opportunities. The exploitative nature of institutions in developing states hampers talent development. Consequently, talent goes to waste and brain drain becomes a prevalent occurrence in these societies. The fostering of innovation is closely tied to investments in human capital. Governments foster innovation and enhance global competitiveness by prioritizing education, training and skills development. This emphasizes the contrasting growth patterns in the Global North and Global South. While some countries have embraced innovation and benefited from it, others are hindered by systemic barriers. The Global South’s developing nations face challenges like inequality, extractive institutions, limited social security and property rights concerns. These obstacles have impeded the region’s development, leading to a widening divide between the two regions.

Despite trying to reduce the gap with aid and technology, the inequalities persist, highlighting the importance of structural transformation. To promote innovation and sustainable development, developing nations must confront problems like corruption, weak governance and inadequate infrastructure. The world is at the edge of the Fourth Industrial Revolution, where AI and other transformative technologies are reshaping everything, increasing the stakes significantly. The ability to adopt and utilize these innovations will determine the future of nations. The power of AI can reshape industries, economies and societies. Countries at the forefront of AI and other emerging technologies hold an edge in the global arena, while those trailing behind risk being left behind in the pursuit of prosperity and progress. The key to progress for humanity lies in innovation, which pushes advancements in technology, science and society. Over time, innovation has proven to be a game-changer, propelling certain nations to unparalleled achievements while leaving others behind.

Now more than ever, embracing innovation is essential as the world faces the challenges of the modern era. Leadership in developing nations must exert serious effort to minimize the disparity in growth and prosperity. The path is clear for developing nations: either embrace innovation or risk being forgotten. Innovation is crucial for shaping the future and determining the destiny of nations. Pakistan is in a similar predicament. Innovation is seriously lacking in all aspects of life in the country. The lack of support from state institutions impedes society’s ability to foster innovation. Sadly, the country has been following a consumption-driven path for many years. The key to survival is to foster innovation without hindrance in our country. This pathway is Pakistan’s sole chance to change its fortune.  Success is unattainable if we continue our journey down the path of intentional neglect. Innovation is the driving force that will set us apart. Those nations that tirelessly work towards bringing prosperity to their people will dominate the future. Nations that lack a relentless pursuit of excellence will lag and be overshadowed by the fittest nations who survive to tell the tales of neglected and ignorant nations that perish.

—The writer is an educationist and a Commoner from 44th Common, based in Sargodha.

Email: [email protected]

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