If you look at the 2000-year plot of the gross world product (aggregate of all GDPs), you will see a big acceleration around 1790. There was a reason that happened. In a piece in Harvard, I called it the inflection point when some parts of the world moved from invention society to innovation society.
Breaking the components, one thing was super-evident: Samuel Hopkins had been awarded the first US patent in 1790, opening a new age to own intellectual properties just like lands. That changed America because merchants, among the richest people in the era, could now give inventors money to commercialize ideas because that investment is now protected. Yes, the risk had been reduced through the exclusivity window.
From my work which was published in my book which received the IGI Global “Book of the Year” award (see here ), I noted that until nations transmute into that new era, through improved legal ordinances and systems, advancement will stall.
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Nigeria is working on that path – here are the major tech regulations for the year 2022.
It was in 2010, I woke up and my professors were congratulating me that a book I wrote had won the IGI Global “Book of the Year” award. This announcement changed many things. Find a way to #win something
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