In 2009 when this book was written, the economy was in recession and people were asking what went wrong. Part of what went wrong was innovation in fi nancial services which resulted in the release of attractive new products to the market. They diff used rapidly and widely and then lost value. The rest is history, a painful history for those who lost homes, savings and businesses. As the fi rst signs of recovery appear, the question being asked is whether this can happen again. This book looks at innovation, what it is, how it is measured, and how policies are developed and implemented to support it. In doing this, the framework conditions are examined, like market regulation, and the costs of doing business, to see how the present situation could be avoided. However, framework conditions are not just the work of government, as culture and history contribute. [download]
Format : Ebook.Pdf
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