Innovation and enterprise: the foundations of developing productivity

Purpose – This paper aims to examine issues of government policy in creating an infrastructure that supports innovation and expertise. Design/methodology/approach – The approach is to reflect on trends in global trade and the role played by governments in supporting such trade. Findings – It is shown that Governments do indeed have a crucial role to play but they must tread a balanced line between support and over‐regulation. Practical implications – The paper suggests approaches that governments might adopt to improve the support they offer to organisations which wish to be innovative and enterprising. Originality/value – The paper is a useful summary of the role of government in promoting innovation and enterprise.