The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World

The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World

Author: Amar Bhidé
Publisher: Princeton University Press

Despite widespread corporate fears that India and China would surpass the U.S. in inventing new technologies, Bhidé, a Columbia Business School professor, provides a provocative, counterintuitive case as to why the U.S. should support the training of foreign workers and research activities by foreign companies. Why? American companies can benefit, he says—pointing out, for example, that many of the acclaimed features on the iPod were actually developed abroad.

Read a column by Arindam Bhattacharya on India and China as rising innovation forces.