After 1000 years of slumber China is poised to invent again
China’s four great inventions–paper, the printing press, gunpowder and the compass–were all developed more than a millennium ago. Chinese leaders don’t want to wait another thousand years for the fifth.
The world’s No. 2 economy has long trailed Western nations in technological innovation. This is beginning to change. China is opening the taps with billions of dollars for moonshot projects, such as studying teleportation, at a time when Western research budgets are lackluster. It is luring top scientists with promises to let them pursue pet projects
WSJ, the Wall Street Journal offers some interesting changes in view to inventions.
The extensive feature can be had here
Special Report: The Economy’s hidden problem is that we are out of big ideas
There is also another documentation in the form of a special report of WSJ recommended for reading: Special Report: The Economy’s hidden problem is that we are out of big ideas
By all appearances, we’re in a golden age of innovation. Every month sees new advances in artificial intelligence, gene therapy, robotics and software apps. Research and development as a share of gross domestic product is near an all-time high. There are more scientists and engineers in the U.S. than ever before.
None of this has translated into meaningful advances in Americans’ standard of living.
There is a yawning chasm between what innovation promises for the economy and what it is delivering. Outside of personal technology, improvements in everyday life have been incremental, not revolutionary. A Wall Street Journal series explains why that is and looks at ways to reboot.
The Special Report can be accessed here
The 2016 IMD World Talent Report
The IMD World Competitiveness Center is delighted to present its IMD World Talent Report 2016. The report includes a talent ranking for all countries that are part of the IMD World Competitiveness Yearbook (61 countries as of this year).
A major global study has identified crisis-riddled Europe as home to nine of the 10 economies best equipped to develop, attract and retain business talent.
The continent as a whole may well be struggling to deal with issues such as sovereign debt, migration, terrorism and the rise of populism and Euro scepticism.
Yet only Hong Kong challenges its hold on the first 10 places in the latest World Talent Ranking, a prestigious annual report by leading global business school IMD.
Switzerland and Denmark still comfortably hold first and second spots, as they did last year, with Belgium rated third, Sweden fourth and the Netherlands fifth.
Finland, Norway, Austria, Luxembourg and Hong Kong complete the top 10, with Germany (11), Iceland (16), Ireland (18) and the UK (20) also featuring in the first 20.
Many prominent economies fare disappointingly, with the US 14th – as it was in 2015 – Japan 30th and mainland China slipping further down the rankings to 43rd.
Professor Arturo Bris, Director of IMD´s World Competitiveness Center, which publishes the report each year, said: “Talent is one of the competitive pillars of Europe. It´s true that the region generally continues to face a number of problems, including poor economic growth, declining momentum and negative expectations. But the quality of its education systems and its commitment to developing talent from a very young age to retirement should preserve its long-term competitiveness.”
The objective of the World Talent Report is to assess how countries around the globe sustain the talent pool necessary for businesses to maximize their performances.
The research draws on more than two decades´ worth of competitiveness-related data, including an in-depth survey of thousands of executives in the 61 countries studied.
Rankings are aggregated from performance in three overarching categories – investment/development, appeal and readiness – compiled from a wide range of factors. These include education, apprenticeship, employee training, worker motivation, language skills, cost of living, quality of life, pay, tax rates and brain-drain.
Each country´s evolution in the various aspects is also assessed over the course of the past decade – during which Switzerland has placed first every year.
Professor Bris, an expert in the fields of finance and global competitiveness, said: “The effects of the economic crisis on many parts of Europe can´t be denied. Germany, for instance, has been hit hard. Worsening business sentiment and a decline in both the education system and quality of life have seen it fall out of the top 10. Yet Northern Europe in particular has generally retained its `powerhouse´ reputation and still represents the world´s greatest concentration of business talent hotspots. It´s especially striking that nearly every Nordic nation features in the top 10. This is mainly because their education systems feed the economy with the required talent. Language barriers and a high cost of living mean these countries aren´t really big attractors of foreign talent, yet they invest public resources in developing the right competencies. The opposite situation applies to many Asian countries. They might be amazing attractors of foreign talent, but they don´t invest enough in nurturing local talent.”
Speaking about the talent conditions in the US, Professor Bris added: “The US hasn´t featured in the top 10 since 2008, and we´ve remarked before that economic power and talent don´t necessarily go hand-in-hand. Indeed, it´s well worth noting that small can be beautiful when it comes to talent management, as it´s harder for larger countries to adopt and adapt effective systems.”
You can download the full commercially available report at an early bird fee until January 31, 2016 from the first following link.