The global economy is currently witnessing one of the most fundamental structural shifts in recent decades, taking place at the heart of the Asian market. As the world’s second-largest economy redefines its strategy, the dynamics of international trade and industrial production are changing. At the recent China Development Forum in Beijing, the message was clear: …
Tag: Innovation
Artificial Intelligence: How is innovation, startups and investment activity affected?
The investment world is currently experiencing a new frenzy as a result of the Artificial Intelligence (AI) wave that is radically reshaping the business landscape. This momentum creates enormous opportunities for rapid capital appreciation, but at the same time raises the risk of a new bubble — possibly bigger than the dot-com bubble. Although artificial …
How can Wages increase in practice?
Although nominal wages rose sharply in the 1980s, high inflation did not allow for an increase in real terms. Over the past decade, the average real wage has been on an upward trend, but then the Covid-19 pandemic and high inflation created strong pressures on incomes. The growth of economies today supports significant wage growth …
Innovation as a Leader in Economic Development and What Is Needed to be Successful
Innovation is commonly defined as the “carrying out of new combinations” that include “the introduction of new goods, … new methods of production, … the opening of new markets, … the conquest of new sources of supply … and the carrying out of a new organization of any industry”. (Wikipedia). So, when innovative ideas are …