Innovation

The development of new technologies and knowledge, as well as how they are shared, is critical for ongoing global economic growth and improving standards of living. Innovation in pharmaceutical drugs, energy sources, transportation, software, and many other areas saves lives and lifts people out of poverty. Conversely, unequal or restricted access to technology and knowledge, the spread of misinformation, and data breaches have limited the impact of innovation. Some new technologies (such as e-cigarettes) can have a negative impact on many lives. Corporations play a critical role in both driving innovation and ensuring it has a positive impact on society, including through economic growth and good jobs created, social and environmental problems addressed, and equitable access to new technologies