The Idea Multiplier: An acceleration in innovation is coming
03 February 2020 | Markets and economy
Our latest Megatrends research paper explores the expansion of new ideas as measured by our proprietary Idea Multiplier. This metric, based on the spread of research published in academic and industry journals, has recently accelerated. Our Idea Diffusion metric measures this sharing of ideas and finds countries that make use of foreign knowledge have higher productivity growth.
Our analysis suggests that a recent surge in the Idea Multiplier portends a productivity increase to 1.2% annually over the next five years, double the rate of the past two decades. That will mean higher wages, higher profits, and higher living standards across the globe.