Bloomberg

If you want to achieve societal change, you need to invest in innovation.

If you want to achieve innovation, you need to invest in research — and have a laser-like focus on productivity.

“Innovation lies at the heart of society. Science and technology research lie at the heart of innovation.”

That’s according to U.S. Department of Energy secretary Steven Chu, who said this morning that innovation has changed the world in “remarkable ways” — but the United States is at risk of watching other nations pass it by if it doesn’t recognize the trajectory and implications of globalization.