My Beauty Best Teacher

Sherine Nasr in Al-Ahram:

"Innovation distinguishes between a leader and a follower." No more accurate a formula exists to describe the divide between developed and developing countries than that once proposed by Apple's CEO Steve Jobs.Innovation has different implications to a scientist and an economist. "If the applied research doesn't have an impact on the economy, and will not generate money, it is not an innovation," -Hamid El-Zoheiri(RDI),
Thus it becomes clear that the commercialisation of innovation -- at least for the businessman -- is what really counts. This brings up the issue of intellectual property rights that should be maintained and protected."We used to value only physical assets, but intangible assets are becoming more valuable. The market value of companies are increasingly based on intangible versus tangible assets,"-Beat Mollet of Nestle

Ronald Bailey writes:

World Bank environmental economist Kirk Hamilton and his team in the bank's environment department have found that most of humanity's wealth isn't made of physical stuff. It is intangible. In their extraordinary but vastly underappreciated report, Where Is The Wealth Of Nations?: Measuring Capital for the 21st Century, Hamilton's team found that "human capital and the value of institutions (as measured by rule of law) constitute the largest share of wealth in virtually all countries."

Sahel Opera is

"...a durable project with a lasting, though partly intangible influence. New talent has been scouted for the Opera and has received an international platform. The Opera has created direct employment and, once the project is finished, the people involved will have skills and experience that help them develop new collaborative relations in the region and beyond, a process of broadening intercultural exchange. Furthermore, the production has created a new infrastructure - both cultural and logistical – that will remain..."