Proposal Summary: Short narrative that outlines the proposed project, including project objectives and anticipated impact.
Project Team Information: There must be at least two exchange alumni team members for a project to be considered for funding. Along with the name and contact information, describe the role each team member will have in the project and their experience, qualifications, and ability to carry out that role. Indicate what proportion of their time will be used in support of the project.
Problem Statement: Clear, concise and well-supported statement of the problem to be addressed and why the proposed project is needed.
Project Goals and Objectives: The “goals” describe what the project is intended to achieve. How will the project impact the community and what changes (in people, institutions, attitudes, or practices) will you see? The “objectives” refer to the intermediate accomplishments on the way to the goals. These should be achievable and measu
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Research Manager and Editor of the Index of Economic Freedom The World Trade Organization s recommendations on promoting innovation in digital economies relies on government intervention rather than economic freedom. scyther5/Getty Images
Key Takeaways
Government’s role should not be about assigning specific desired innovations or picking the innovators to accomplish them. That’s a recipe for abject failure.
Industrial policies, no matter how well intended, almost always reward established companies and promote known products and processes.
An economic environment rooted in economic freedom allows individuals and firms the space they need to imagine and try out new processes and products.
Anthony B. Kim researches international economic issues at The Heritage Foundation, with a strong focus on economic freedom. Kim is the research manager of the Index of Economic Freedom, the flagship product of the Heritage Foundation in partnership with The Wall Street Journal. Read his research.
The World Trade Organization has released a new report that offers recommendations to world governments on how to stimulate innovation in digital economies.
Regrettably, the policy recommendations are heavy on big government intervention and ignore a fundamental principal of free-market economics: that governments should first and foremost get out of the way of competitive entrepreneurial activity.