The second annual meeting of the World Economic Forum’s New Champion global corporations is taking place right now in China and the leader of that nation—which just became the third country to have astronauts walking in space—used the “I” word: innovation. Here’s what Premier Wen said:
He added “If you wish to remain or become New Champions, you must be innovative and take the lead in doing so. Otherwise, you won’t be successful.”: We just had a Presidential debate without anyone using the “I” word. We are in the midst of a dramatic financial crisis that requires the building on a new economic model—and no one is using the “I” word. Over in China, the top political leader is talking innovation.
The U.S. really needs a National Innovation Policy based in large part on the growing field of Innovation Economics. The tired debate over big government spending or cutting taxes is so 20th century.
More than 1,400 business, government and civil society leaders are participating in the second Annual Meeting of the New Champions. IDEO’s Tim Brown is blogging from Tianjin. He says that the Chinese are deep into design and design thinking but there are scarce resources to develop the fields.
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