Innovation And Economic Development, 2 FEB

 Innovation And Economic Development

 
Economic 2025/01/30  Zaki Abdul Razzaq   Between creativity and the strength of will, in light of the rapid development of technology and increased commercial competition, the need for innovation and development shows,
 
by adopting a different approach in work and production after the old curriculum was unable to provide solutions and be with different forms and forms as a new product or advanced technology services and technological processes.
 
Innovation then ... a mighty engine for economic growth.
 
In economics, there is a problem (scarcity),
 
but innovation violates the rules of scarcity as it gives the economy greater production in the same amount of resources available or less of them, and

this is the key to success and creative development that gives us a driving force towards great economic growth, and it returns with great benefits to society.

Within the framework of comprehensive development in the fields of manufacturing and services, the role of innovation is highlighted as a major and important key  in
 
     reducing costs,
     increasing productivity and quality,
     reducing waste and
     enhancing the principle of competitiveness in the market, also
 
there is another role that includes engineering development and electronic applications in heavy industries, especially in smart manufacturing, clean energy and 3D printing techniques Outdated control and renewable energy in addition to data analysis to improve operations and make firm decisions.
 
The result here leads to better products and methods of production more effective as in the world of e-commerce, also adds a new value to the materials.
 
For example, computers chips produced from silicon and its source of sand as a result of innovation and development, and this is conclusive evidence that science and technology is indispensable.
 
All the benefits and importance offered must ask a question about the role of innovation and development in economic development in Iraq to remind our country must be within the global innovation index, and that
 
Iraq does not occupy an economical global center, and
 
everyone knows the capabilities of Iraq as it abounds with the natural resources and human resources that are A divine gift,
 
which is the focus of development and must be worked to remove Iraq from the economic recession.
 
It is time to look forward, the responsibility is great and important for all concerned.
 
It requires enhancing the integration between scientific and technological innovation and industrial innovation, and the government must give priority to innovation in its policy.
 
The enlightened government planning is decisive to achieve success.
 
The important thing is to increase investment in scientific research and innovation,
 
all of this in order to build competencies and capabilities in the industrial development sector that leads to promising industrial performance in order to compete globally,
 
in turn leads to 
     increased income,
     creating functions and
     attracting foreign investments and
     achieving distinguished industrial performance,
 
the slogan (made in Iraq) must To possess real and high value by caring for and embracing innovation and providing training and rehabilitation.      https://alsabaah.iq/109315-.html