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Submitted by Michael Ehst on
Mike - This reminds me of all the research that suggests technical (or other types of) innovation is more likely to happen in places with a low "punishment for failure". i.e. in some countries people that have started a failed business are looked upon as "failures" where in other places (Silicon Valley being the classic example), you are hardly respected as an entrepreneur until you've tried and failed at a few ideas. Similar to what Susan suggests, it would be great to see HR and other policies at development institutions looked at through this lens. Otherwise, the incentives may encourage too many "safe" projects and easy to meet objectives, vs. the occasional higher-risk, high potential payoff projects. Just a few quick thoughts. Good topic. Mike