Friday, September 16, 2016

Do you know what will be the determinant of wealthy societies into the future?

This is from The Economist

In the future, in a world where capitalism has opened up and swallowed even the poorest of countries, it is the societies that innovate new things based on STEM / Science and Technology, that will survive better and be more prosperous. Innovation will be the driver of economies.

This Innovation Index is flawed and limited, but it underlines both an encouraging and dangerous future condition. People, companies, and nations must learn to maximize creativity to justify keeping money where they live. Labour can always be found elsewhere cheaper. And machines can do the most skilled work anywhere. That does not mean that Burundi cannot flourish, it means that Burundi must find ways to compete by aligning for the future needs and not waste its time on past fights.