Responding to Industrial Transformation and Upgrade — New Concept for Intellectual Property Management Services Development in Taiwan

Abstract

The International Institute for Management Development (IMD) has performed a five-year moving average calculation on major national productivity statistics for countries worldwide. The results indicated that the average rate of global productivity growth between 1999 and 2003 was 10.2%, but the rate declined to 2.35% between 2008 and 2012. This trend shows that the momentum of development between nations has waned. Although companies have made large, multi-oriented, and highly-complex investments in innovation projects, innovations that inspire significant change worldwide and increase the speed of productivity are still difficult to produce. The current condition reflects the "Great Stagnation" perspective proposed by 
contemporary economics expert Tyler Cowen.