Innovation is widely acknowledged as an important propeller of economic development. However, innovation may not be the elixir for extreme contrast in wealth among different countries, and it might even exacerbate inequality. Using economic data of 128 countries from the World Bank and the Global Innovation Index, this paper observes severe inequality and a high threshold among different countries regarding innovation capability, innovation sustainability, and IP profiting. This also discusses the shortcomings of the GII index and the relationship between innovation and economic growth.
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