Headline Jan 18, 2012 / Reverse Innovation

REVERSE INNOVATION

An Economic Borderless World

As countries and Economies continue to fail and decline, it is now becoming apparent that the World never learns. We are again risking the bitter historical fact to repeat the mistakes of old colonial powers. Two major stark facts are emerging. 

On one hand we have the Western market fundamentalism and on the other hand we have State led economic development model of Russia and China. This State led model is likely to lead the World to a dead end just as it did in the 60s and 70s. Leaders of the World are beseeched to stop and reconsider their ideas.
The true challenge before us is 'how to build an economy that is truly global and connected'. Only then there is a chance to raise all boats. Stimulus programs that injected demand into economies cant be continued forever. And even performing economies have been hurt by the continuing weakness in the rich world. 

One strong ray of hope is China. Increasingly, China has become vital to the economy of almost every developing country as a major investor. In a constant search for secure supplies of natural resources from oil to food, China is not only buying but also developing the infrastructure. 

Former President Bill Clinton summed up the predicament of the present world best ''too unequal and too unsustainable to be stable.'' Yes, there is a sense of wariness in the world. Lets hope that the quality of political leadership improves with a new generation of leaders. 

Hard times ahead!! Goodnight! 

SAM Daily Times - Voice Of The Voiceless