In some countries such as Israel and China, there are new economic models of innovation being rolled out involving the invitation of many start-up innovators from many countries being invited through...

In some countries such as Israel and China, there are new economic models of innovation being rolled out involving the invitation of many start-up innovators from many countries being invited through a process of pitching, competitive selection to use an innovation hub for up to three years in the foreign country with many costs paid for. (a) Why do you think foreign countries are setting up innovation hubs and inviting start-up innovators at great expense to operate their businesses? (b) Why do you think that start-up innovators are participating in such pitching competitions? (c) Are countries such as Australia being drained of entrepreneurial talents or are they responding in effective ways to retain their talent? Word limit is 300 word 100 word each Due date 28/11/2017 Reference APA style Section two is about the global financial crisis How did the GFC start in the US? 100 word Though the GFC started in the US, how did the GFC get transmitted to the rest of the world? 100 word How did Australia or some countries like India or Pakistan and China avoid the GFC transmission from the US ? 100 word