Friday 3 May 2013

Innovation and Growth

http://www.abc.net.au/unleashed/4658044.html

This is a link to a recent article entitled "Can innovation drive sustainable growth" by Satyadit Das.

Provocative, thoughtful and even confrontational..........but there is a lot of thoughtful background that seems to suggest that growth is a bit problematical right now.

Maybe, it is an illusion.  More like changing deck chairs on the Titanic - going down was inevitable!  And is growth going down or backwards?  While parts of Asia are growing at around 5-7%, much of the world is less than 1%; some are in recession.

Is a better music player, or a new version of Twitter or Facebook really progress and growth in the world?  Maybe more effort in producing food might be economic growth?

Read the article, and there are lots of comments, many of which are reasonably thoughtful, not just crappy sound offs.

Is the author correct in the assessments he makes?

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