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ERIC Number: ED524421
Record Type: Non-Journal
Publication Date: 2011
Pages: 8
Abstractor: ERIC
Reference Count: 24
ISBN: ISBN-978-1-9219-5546-4
Innovation: Its Links with Productivity and Skill Development. At a Glance
Stanwick, John
National Centre for Vocational Education Research (NCVER)
Why should individuals care about innovation? One reason is because it can help to make life better. More specifically, governments, enterprises and training institutions see innovation as having the potential to increase productivity and, down the track, to increase prosperity for Australia. As far back as 1934, the influential economist Joseph Schumpeter identified innovation as a driver of economic growth. More recently, two changes in the world economy have forced governments to look at ways of improving productivity (Rice 2011). Firstly, there has been sustained economic growth over the past two decades, which has particularly affected countries like China, where manufacturing has grown, with ramifications for related industries across the world. Secondly, people are realising that there is a limit to economic growth based on the consumption of finite resources and are therefore looking for other ways to maintain this growth, including looking at more ways to innovate. This "At a Glance" examines innovation in terms of its relationship to productivity at the enterprise level and its contribution to national prosperity. It also discusses what the author means by innovation and also what kinds of skills might contribute to innovation. It draws primarily on a suite of work presented in "Fostering Enterprise: The Innovation and Skills Nexus," a book of readings published by the National Centre for Vocational Education Research (NCVER) (Curtin, Stanwick & Beddie 2011). (Contains 1 figure, 2 tables and 2 footnotes.) [For a related report, "Fostering Enterprise: The Innovation and Skills Nexus--Research Readings," see ED521473.]
National Centre for Vocational Education Research Ltd. P.O. Box 8288, Stational Arcade, Adelaide, SA 5000, Australia. Tel: +61-8-230-8400; Fax: +61-8-212-3436; e-mail:; Web site:
Publication Type: Reports - Evaluative
Education Level: Adult Education
Audience: N/A
Language: English
Sponsor: Australian Department of Education, Employment and Workplace Relations
Authoring Institution: National Centre for Vocational Education Research
Identifiers - Location: Australia