China moves from ‘research & copying’ to global innovator

Instead of “research and copying”, as some commentators have labelled China’s scientific research to date, China wishes to encourage innovation through a boost in spending on research and development.
In its 12th Five-Year Plan for National Economic and Social Development in 2011-2015, the Chinese government has pledged to increase spending on research and development to 2.2 [...]

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Thought for the month

Is this the start of the changing of the guard?
According to economists and business leaders in Davos for the World Economic Forum, the global economy is growing, but the markets pushing that growth are China, India and Brazil and other “emerging” markets like them.
While the USA and Germany are predicted to grow this year, albeit [...]

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Online advertising soars

Despite a slump in 2009 and cries that online advertising would never take off, it has just experienced its most successful quarter ever. That means that advertising has recovered from the economic slump and exceeded pre-financial crisis levels.
According to the Interactive Advertising Bureau and PwC US, U.S. internet advertising revenues hit $6.4 billion in the [...]

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Change that follows a recession: A look back

McKinsey has produced a fascinating look at the financial crises of the past 250 years and the changes that they heralded.
For companies to understand what may come next (following the most recent financial crisis), the report’s author, Robert Wright, suggests that history has three lessons:

“Reforms followed every major US financial crisis that led to an [...]

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