Trading of Innovations to Combat Globalization and Climate Change

Challenge: The Magazine of Economic Affairs, Vol. 51, Issue 5, pp. 70-83, September 2008

Posted: 21 Jan 2009 Last revised: 20 Dec 2013

See all articles by Balkrishna C. Rao

Balkrishna C. Rao

Indian Institute of Technology - Madras

Date Written: January 21, 2009

Abstract

We know that innovation is vital to economic prosperity, especially over the past century. Can we now treat innovation as a commodity that can be traded in the financial markets? The authors propose an innovation derivative that can improve returns for investors in new pipelines of ideas.

Keywords: Globalization, Global-Warming, Financial Derivative, Innovation, GDI

Suggested Citation

Rao, Balkrishna C., Trading of Innovations to Combat Globalization and Climate Change (January 21, 2009). Challenge: The Magazine of Economic Affairs, Vol. 51, Issue 5, pp. 70-83, September 2008 , Available at SSRN: https://ssrn.com/abstract=1330745

Balkrishna C. Rao (Contact Author)

Indian Institute of Technology - Madras ( email )

Department of Engineering Design
Chennai
India

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