Nations ‘must embrace creative destruction’ in innovation

World Economic Forum says all national economies could ramp up competitiveness

Although central banks have injected $10 trillion into the global economy in the past decade, investments in R&D and skills are still “suboptimal”, the World Economic Forum has said.

Amid a “gloomy” global economic prognosis, the international body behind the Davos summit of global leaders says that nations need to take a longer-term view of growth.