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Beijing is putting huge resources into making the country an innovation powerhouse in the decade ahead. Good thing. Wages are soaring all along the coast, with compensation for managers, professionals, scientists—and manufacturing employees rising by double-digits every year. Already low-value manufacturing is leaving China for Vietnam and elsewhere. One key factor is demographics—that one-child policy is causing a dearth of workers along the coast. The other reason, of course, is demand. China’s economy is booming and the demand for blue and white-collar labor is off the charts. China needs to innovate to get to the next level.
Beijing is leading a state-sponsored, macro-economic effort to get to that level. India is taking another path, a micro-economic push to develop. Which is the better path?
Want to stop talking about innovation and learn how to make it work for you? Bruce Nussbaum takes you deep into the latest thinking about innovation and design with daily scoops, provocative perspectives and case studies. Nussbaum is at the center of a global conversation on the growing discipline of innovation and the deepening field of design thinking. Read him to discover what social networking works—and what doesn’t. Discover where service innovation is going and how experience design is shaping up. Learn which schools are graduating the most creative talent and which consulting firms are the hottest. And get his take on what the smartest companies are doing in the U.S., Asia and Europe, far ahead of the pack.