Collective Action Needed Globally for Growth, Says OECD
It’s practically an article of faith in Silicon Valley: High-tech companies are an unalloyed good for the U.S. economy, generating the innovation that is critical to its long-term success. That’s not always the case, according to the Organization for Economic Cooperation and Development. The Paris-based group argues that rich, entrenched technology companies may be dampening rather than promoting innovation by buying up fledgling firms. OECD Chief Economist Catherine Mann discusses the report with Bloomberg's Anna Edwards on "Countdown."