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“Our competitors outside Europe are manufacturing goods cheaper and better. Through innovation, other countries are producing new products which we do not make yet, but which we could.” quote by David Lidington
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“Our competitors outside Europe are manufacturing goods cheaper and better. Through innovation, other countries are producing new products which we do not make yet, but which we could.”

David Lidington

About This Quote

Source Speech: House of Commons, 2015

Global competition forces innovation; falling behind risks economic decline.

In simple terms: Other countries are innovating faster.

Key Takeaway

Invest in R&D and foster creative ecosystems.

Themes

economics innovation competition globalization

Mood

serious urgent

Type

political strategic

When to use this quote

  • manufacturing
  • government planning
  • business development
  • education curricula

Key Concepts

technology policy industrial strategy

Questions to Reflect On

  • What barriers hinder domestic innovation?
  • How can policy better support new product development?
A Different Perspective

Innovation alone isn’t enough without market adoption.

2.9 out of 5 (6 ratings)

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