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Global Innovation for Economic Growth and Social Impact

Explore the transformative power of innovation in the 21st century, bridging invention and insight to drive social and economic value. Discover why innovation is crucial for productivity, societal needs, and market creation, leading to higher standards of living. Learn about the changing nature of innovation - open, collaborative, and global - and the challenges and opportunities it presents. With a focus on Mexico, uncover how strategic location, education investments, and global trade agreements position the country to lead in driving impactful innovation.

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Global Innovation for Economic Growth and Social Impact

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  1. Innovating for growth Frank Kern Senior Vice President Global Sales and Distribution

  2. Change is inevitable

  3. New Model for the 21st CenturyInternational Exporting

  4. New Model for the 21st CenturyMultinational Country Silos

  5. New Model for the 21st CenturyThe Globally Integrated Enterprise

  6. Globalization Removes Barriers to Innovation • Traditional barriers to innovation are no longer game stoppers • Innovation can spring up anywhere in the world • New players can enter industries overnight • New and disruptive business models can be created anywhere

  7. Innovation is Key for Social and Economic Growth Innovation resides at the intersection of invention and insight, leading to the creation of social and economic value

  8. Why Innovation Matters • Spurs productivity, economic growth • Meets societal needs • Creates national and global markets • Generates jobs, wealth creation • Results in higher standard of living

  9. The Changing Nature of Innovation • Open • Collaborative • Multi-disciplinary • Global

  10. Global Integration and InnovationChallenges and Opportunities Innovation Globalization

  11. Mexico is Well Placed to Drive Innovation that Matters Strategic location Education Investments New generation of skills Global trade agreements Competitive Infrastructure Foreign investments

  12. Three Pillars of Innovation

  13. Conclusions • The world is diversified • In the global economy, innovation is key • Mexico is well placed to drive innovation that matters

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