Large companies may have just become better at hiding the fruits of their labour
The article questions a commonly held belief about innovation stagnation, suggesting alternative explanations due to increased corporate secrecy.
This challenges a fundamental premise about economic growth and incentivizes deeper scrutiny into corporate R&D and intellectual property management.
The perceived rate of innovation might not be declining but rather becoming less transparent, shifting the focus from idea scarcity to information asymmetry.
- · Large companies with strong IP
- · Economies with robust corporate R&D
- · Competitive intelligence firms
- · Small startups relying on public knowledge spillovers
- · Policymakers relying on open innovation models
- · Researchers dependent on transparent R&D data
Increased corporate secrecy regarding R&D outcomes.
Potential for an underestimation of actual innovation rates in official economic metrics, leading to misinformed policy.
Enhanced pressure on antitrust regulators to investigate IP hoarding and its impact on market competition and broader economic dynamism.
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Read at Financial Times — Technology