An old adage states, "Necessity is the mother of invention".
But what happens when there is no need to innovate?
What happens when all of ones needs are met through a country's natural resources?
Think of innovative products produced in Scandinavia;
Finland - Nokia Siemans Networks
Sweden - Volvo, Eriksson, AstraZeneca, Ikea (Okay, Ikea has since moved to it's headquarters to The Netherlands but it was founded in Sweden.)
Denmark - Maersk, Bang & Olufsten
Norway... well, er, umm...
Norway has huge reserves of oil and carefully manages the profits from it's sale.
While Norway shares a similar geography, history and ethnicity with it's Scandinavian neighbors - the country seems lacking in innovation.
Maybe these guys are just born with lower IQs.
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