Talent, the ability to innovate and the strategic use of public policy will play a significant role in defining manufacturing sector competitiveness in developed and emerging economies going forward, finds The Future of Manufacturing, a report by the World Economic Forum. Written in collaboration with Deloitte Touche Tohmatsu Limited, the study finds that the global manufacturing ecosystem is undergoing a dramatic transformation, with many emerging economies developing significant manufacturing and innovation capabilities, enabling them to produce increasingly complex products, leading to...
There is widespread agreement that the international community needs to undertake a complementary set of adjustments in national policies supported by improvements in international cooperation to rebalance the world economy and make it more inclusive and sustainable. There are numerous key points to bear in mind.
Viewed over a half-century, the global economy is in better shape than the crisis might indicate. Mankind is better off than it has ever been and technology promises to make things even better. Whatever choices are made to improve global governance, care must be taken not to disrupt the processes that have allowed society to achieve such remarkable progress. A host of urgent problems must still be faced, foremost among them the deteriorating environment, ageing populations, jobless youth and global economic imbalances.
There are four key priorities for achieving sustainable economic growth: education, social stability, incentives for taking risks and global economic integration. As efforts are undertaken to improve or revamp the IMF and other financial sentinels, they must be given the authority and tools to influence harmful economic policies, even in the most powerful nations.