Following on from my recent blog about “Is Manufacturing Coming Back to the US?” one of Morgan Stanley’s Investment guys, Ruchir Sharma, (Managing Director and the head of the Emerging Markets Equity team) has a book out called ‘Breakout Nations’ and in it he says:
“Every Investment idea is right for a while”
He was talking to Fareed Zakaria on his GPS program. Fareed cited that in the 1980’s investing in Japan made you a big winner until the 90’s came around. In the 1990’s it was all about Tech stocks. Then the Tech bubble burst. The Fad for the 2000’s was emerging markets.
And he asked are emerging markets submerging? I was interested mainly because the discussion lead to which countries invest most in R&D, and that is a leading indicator of success for economies worldwide. In fact, the numbers don’t lie. It looks like we may be entering a new phase with different leaders of growth, and it may be the US that becomes the new focus of manufacturing and innovation.
As South Korea’s second-largest metropolitan city, Busan boasts a population of about 3.6 million, and is home to a slew of major companies, government agencies, universities, annual festivals, and conferences. Busan is the country’s largest container-handling port, and the fifth- largest in the world. Like other metropolitan areas, the city struggles with managing terrible traffic congestion and the attendant high logistical costs; maintaining job-creation momentum for the 60,000 high-quality and high-skill job seekers who graduate from area universities each year; and meeting the demand for an innovative city operations system that helps ensure global competitiveness.
Cisco IBSG has been working with Busan’s Metropolitan Government to develop plans for a “u-City.” U, in this case, stands for “ubiquitous,” which also describes the city’s broadband penetration. Busan’s “smart and connected” urban communities use the network as a platform—on top of which it can deploy innovative urban-planning solutions and city management services. The city uses the network to connect, process, and share information efficiently, and in real time. Read More »
I recently returned from Seoul, South Korea, where I gave the keynote address at the 2012 KISDI International Conference. My talk, “The Next Generation of the Internet—Revolutionizing the Way We Work, Live, Play, and Learn,” focused on the key trends shaping the next generation of the Internet and the implications for players in the ITC industry and government policy/regulation. However, based on what I observed in Seoul, much of the future has already arrived in South Korea.
Besides the ultra-modern skyscrapers of Seoul, South Korea has the highest domestic penetration rate of Read More »
What separates the technology-advanced nations from all others, and how is that supremacy being applied most effectively for social and economic advantage? This is a question that I’ve asked myself repeatedly over the last decade.
Clearly, I’m not alone in my quest for insights that help our understanding of why some nations have excelled at enacting meaningful Information and Communication Technology (ICT) market development.
What I’ve learned to date: the nations that were able to make a quantum leap in progress did so only after they completed a candid assessment of their current status – essentially, a detailed situation analysis that ranked their relative position in the global networked economy.