The annual World Economic Forum: an analysis
AS THE movers and shakers head to the Swiss mountain resort of Davos this week for the annual World Economic Forum, their credentials as global leaders look anything but resilient. Their official theme will be “resilient dynamism”, whatever that means, but what they ought to be talking about is the low level of trust the public has in their ability to do anything useful. The annual “Trust Barometer” survey published by Edelman, a public-relations firm, reports widespread scepticism about the ethics practised by political and business leaders. The lowest scores were when those surveyed were asked if they trust leaders to “tell the truth, regardless of how complex or unpopular it is”: only 18% trusted business leaders, whilst government leaders scored a yet more miserable 13%.
Read more at Leaders without followers
GUANGZHOU, China — After a sharp economic slowdown through much of last year, China’s economy is growing again — but not at its previous double-digit pace, and with signs that inflation might become a problem again.
Shops were crowded this past weekend, construction sites show renewed activity and factories are hiring as exports and domestic demand recover — trends all underlined by government data released over the last several days. Read more at China Again Is Growing, More Slowly
The smartphone is no longer just a portable computer in your pocket. It has become the remote control for your life.
Want to flip off the living room lights, unlock your front door or get a reading of your blood pressure? All of this can be done through mobile apps that work with accessories embedded with sensors or an Internet connection.
For several years, technology companies have promised the dream of the connected home, the connected body and the connected car. Those connections have proved illusory. But in the last year app-powered accessories have provided the mechanism to actually make the connections. That is partly because smartphones have become the device people never put down. But it is also because wireless sensors havebecome smaller, cheaper and ubiquitous.
Read more at Smartphones Become Life’s Remote Control
Diffusion of thecnolgy and per capita income
Technology disparities are critical for explaining cross-country differences in per capita income. Despite being non-rival in nature and involving no direct transport costs, technology diffuses slowly both across and within countries. Even when a technology has arrived in a country, it takes years and even decades before it has diffused to the point of having a significant impact on productivity. Why does technology diffuse slowly? How do we explain cross-country differences in its speed of diffusion? In this paper, the authors study the diffusion over time and space of 20 major technologies in 161 countries over the last 140 years. The spatial effects they identify for technologies vanish over time. For most technologies, this implies that the effect of geography is initially strong, decays over time, and eventually disappears. This is the first paper to document these patterns in adoption rates for a large number of technologies and countries. Estimates provided of structural parameters can be used to inform spatial theories of growth.
Key concepts include:
- This paper uses a new data set of direct measures of technology to study technology diffusion across time and space.
- Technology diffuses slower to locations that are farther away from adoption leaders.
- Interactions are more frequent for more recent technologies.
- Understanding technology diffusion over space is crucial to understand the speed of technology diffusion.
- Evidence on the significance of the spatial and temporal links in technology adoption could prove helpful to stimulate future research in these areas.
Read more at The Spatial Diffusion of Technology
Professor Mukti Khaire’s challenge to management students is lofty, even by Harvard MBA standards. Don’t just change the way people live, change the way they think. Change culture.
In her new elective course, Creative High-Impact Ventures: Entrepreneurs Who Changed the World, Khaire looks at ways managers can team with creative talent in six “culture industries”: Fashion, publishing, art/architecture/design, film, music, and food. Her subjects include fashion pioneer Chanel, publishers Penguin and Atavist, film icons Variety and the Sundance Institute, Indian art auction house Saffronart, and food businesses Whole Foods and the James Beard Foundation.
Read more at Culture Changers: Managing High-Impact Entrepreneurs
Economist Joseph Stiglitz recently announced that he believes climate change is the most important issue facing the U.S. economy today. Certainly, climate change is serious global issue, but how exactly will it affect the U.S. economy? What follows are some statistics on climate change’s impact on the U.S. economy, gathered primarily from non-governmental organizations that deal with climate-change issues …