Beyond real GDP innovative capacity is an important indicator of the economic strength of a nation. By studying innovative capacity and other indicators of success in innovation across the GroupofSeven G7 Countries the East Asian Newly Industrialised Economies EANIEs and Mainland China this book will systematically establish a positive relationship between innovation outputs and inputs of different economies. In doing so it seeks to answer the question are there laws of innovation It seeks to identify the determinants of innovation at the economywide level ascertain whether these determinants are similar across different economies and find suitable metrics for comparing relative success in innovation across different economies.