Posts Tagged ‘economic growth’

Where the vetting mechanism fails, the system fails. This has happened in countless instances from the current financial crisis to nearly every product, market, environmental calamity, or political failure in recorded history – the referees who were supposed to keep their eye on the ball, did not. Likewise, where a vetting mechanism is effective, the system is efficient.

Continuing our series on the Search for the Next Economic Paradigm, we feature an unlikely authority on Economic development. The Gross National Happiness Metric hails from the Himalayan country of Bhutan listed by the UN as a “Least Developed Country”.

Innovation economics is an economic doctrine that reformulates the traditional model of economic growth so that knowledge, technology, entrepreneurship, and innovation are positioned at the center of the model rather than seen as independent forces that are largely unaffected by policy.

Google 10^100 award voting is Launched. There are two sectors that we believe would have the greatest impact on the greatest amount of people; building a better banking system and funding social entrepreneurs. You can’t have one without the other – if Google funds these two sectors in concert, the outcome would be incredible.

Most people do not listen completely in conversations because they are too busy planning their response to what they think the other person is going to say. Often what seems like astute response is a template that may fit a moment but can kill a conversation.

Gross Domestic Product does not take into account many important variables accelerated by Social Media and growing exponentially in economic influence.

The Innovation Economy will not be delivered by corporations, Government or Academia. There no single person, country, ideology, or philosophy that can meet the challenges of the future alone – everyone will be required to participate because everyone has a stake in the outcome.

If social media can have such a profound effect in the REACTIVE role, what would be the underlying dynamic if applied in the PROACTIVE role ? The great new social media business models of the future will be in the areas of “The Last Mile of social media” and “Social Vetting mechanisms”.

Finance and Innovation in the US is engaged in the dangerous dance of tail wagging dog. Innovation is as Wall Street does; not the other way around. This is wrong, this is very wrong.

The year is 2020, no burning cities, no mass hysteria, no bread lines; the economy is on an exponential growth curve.  The financial crisis of 2008 ended in an anticlimactic sort of way.  Sure, lots of hedge fund bankers were unemployed for a while and many companies once deemed titans of industry have disappeared, but [...]