The era of globalisation will unleash a wave of technological, economic and sociological change as formidable as the ones that shook my hometown in the 20th century and the changes brought on by the internet and digitisation as I was leaving college 20 years ago.
In business areas as far afield as life sciences, finance, warfare and farm, if you can imagine an advance, somebody is working on how to develop and commercialise it. The places where innovation gets commercialised are expanding. In the US, breakthroughs are coming not only from Silicon Valley, from the Route 128 corridor around Boston, or from North Carolina’s research triangle. They are beginning to come out of Utah, Minnesota, Washington DC and suburbs in Virginia and Maryland.
After years of growth rooted in low-cost labour, there are promising signs of innovation coming from the three billion people who live in Indonesia, Brazil, India and China. Latin American countries with a face to the Pacific, including Chile, Peru, Colombia and Mexico, appear to have figured out how to position themselves in the global economy.
The highest-skilled labour markets in Europe are producing startups that make Silicon Valley envious, and in tiny Estonia, the entire economy seems to be an e-conomy.… Africa’s entrepreneurs are now changing the face of the continent, fuelling development and creating a new class of globally competitive businesses.
From “The Industries of the Future”