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Identify three examples given in the article of how government policy has either promoted or hindered innovation

Bayh–Dole Act (USA, 1980); Laibin B project (China, 1996); and European construction industry regulations

Explain the difference between incremental and radical innovation using your own words and an example from business or technology.

Incremental innovation = small, step-by-step improvements (e.g., smartphone software updates). Radical innovation = disruptive breakthroughs (e.g., iPhone)

Define 'stringent policies' (e.g. The more stringent policies should promote more radical innovations than incremental innovations, controlling for the technology gap. )

having a very severe effect, or being extremely limiting rules

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