Digital Economy is the Economy of Innovations, not Inventions

... Digital and Innovations Research at Moscow School of Management SKOLKOVO Vladimir Korovkin. What should countries base their competitive edge on to become a leader in the technological race? Vassily Kashin: What Opportunities are Opening up for Russia against the Backdrop of the Tech War between the U.S. and China? The digital economy is an economy of innovations, not inventions. This is a very important distinction. An invention is anything that is radically new from a technological point of view. An innovation is something that has been accepted by the market. An ...