Socioeconomic parity within a country is not a detriment to the country's competitiveness, claims Richard Florida.
Last week, I discussed how the nations of the world stack up in terms of innovation, the Creative Class, and a new overall measure of creativity and competitiveness, the Global Creativity Index (GCI). Today, I look at the bigger picture of economic prosperity, examining the connections (or lack of connections) between competitiveness and happiness, socioeconomic inequality and overall social and economic progress.
Let's start with a basic question: Do more creative and innovative economies gain an edge in economic development and competitiveness? The short answer is yes.