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Part 5: Social Market Economy – Go for complex production system, facilitate entrepreneurship (Daily Financial Times (Sri Lanka))

Inventions and innovations go hand in hand Part 4 of the article in this series argued that Sri Lanka should create an ‘innovation economy’, and not just a knowledge economy, by using the research think-tanks at universities and research institutions if it is to deliver sustained prosperity to its people (available at: http://www.ft.lk/article/478857/Part-4–Social-Market-Economy–Universities–research-institutions-as-catalysts-of-an-innovation-economy). Untitled-3 Knowledge creates…