Rising geopolitical risk stifles innovation According to the Country Email List research, a 1% increase in the GR translates into a 0.18% reduction in the number of patents filed by companies during the subsequent year. In addition, the financial value of Country Email List patents also contracted by 0.24% and the scientific value of patents also suffered a decrease of 0.08%. In light of these figures, it seems more than evident that the increase in geopolitical risk is Country Email List causing innovation in companies to languish. Furthermore, when geopolitical risk heads uphill, companies' patents tend to focus less on truly new technologies and also refer to fewer different technology areas.
Or what is the same: companies develop Country Email List a kind of risk aversion and are less inclined to embrace innovation in its most multidisciplinary and groundbreaking version. This data is in line with another conclusion drawn from Country Email List the report: that when geopolitical risk increases, companies also embark on fewer new product development projects. 2. Threats can be more damaging than actions In general terms, geopolitical threats Country Email List account for a greater impact on innovation than actions.
The number of patents registered by the Country Email List companies analyzed in the report plummeted three times more in response to threats than to actions of a geopolitical nature. This circumstance may be related to the fact that threats are risks Country Email List that have not fully hatched, while acts are risks that have already taken shape and therefore degenerate into less uncertainty. And weighed down by less uncertainty , companies also feel more compelled to innovate. In the world of innovation, the fear of the unknown is often much more Country Email List devastating than the fear of the known. 3.