On the second day of the 5th Global Peter Drucker Forum, Ben Ramalingam stated that policy and practice have come to be like bikes, in the sense that they have been created through incremental changes and improvements.
Category Archives: Economics
Mikko Kosonen, the President for the Finnish Innovation Fund (Sitra) since 2008, with experience in companies such as Nokia, TeliaSonera Finland Oyj, The Foundation for Economic Education, Kuntien Tiera Oy, Technology Academy Finland, Fifth Element Oy, Kesko, Itella Corporation and Hewlett-Packard Corp, concentrated in a short talk, on one main problem, that of cyber security.
Peter Drucker Forum 2013: “Scotland since 2007 – one approach to the challenge of public sector agility” by John Elvidge
John Elvidge shared some of his experiences of change based on the example of the governmental changes in Scotland in 2007. He began with the warning that this was an outlier and might not always be applicable. Reassuring the audience, he said that he would not pronounce the word airport.
On the second day of the 2013 Peter Drucker Forum, Yves Doz, Solvay Chaired Professor of Technological Innovation at INSEAD, looked at the existing challenges that governments face in an increasingly complex world.
Danger on the Horse Highway: a slightly skeptical tourist remembers why the car replaced our equestrian friends.
It is a long forgotten fact that when cars were first introduced into cities in the late 19th Century they were welcomed as an environmentally friendly alternative to horses. With the help of two economists, a short trip around a ‘secluded’ island is a fun day out and a sanguine reminder of just why that might be. Continue reading
BOOK REVIEW: “How Countries Compete: Strategy, Structure, and Government in the Global Economy” by Richard Vietor (2007)
How Countries Compete is a political and economic strategic analysis of 11 different countries around the world. The book is divided into 12 new chapters, which deal with one country per chapter. Japan is dealt with twice, looking at it from a historical perspective at the beginning of the book, and then looking more towards the future and there after the pre 1990 crisis. Richard Vietor uses the word “compete” in the sense that countries try to compete for market share in the world economy and gain foreign investment and export their sales in business. Governments can help in this policy, either by macroeconomic policies that encourage investment and greater economic activity, or by things like increasing human resource competencies through education. Some countries have very active and direct policies. In China, for example, technology transfer and know-how has been encouraged through the use of FDI. In Singapore, workers are required to save as much as 50% of their gross income for their retirement plan.