3 articles

Innovation with Chinese Characteristics

The Chinese model of innovation could become the global standard.
Martin Neil Baily | Brookings Institution

Jonathan Woetzel | McKinsey Global Institute

China’s slowing growth has dominated global economic news this year – and for good reason. Beyond being the world’s second-largest economy, China is the largest manufacturer and consumer of raw materials; so any sign of weakening there is bad news for the global economy. But, while concerns about growth certainly merit attention, they should be […]

Reassessing the Internet of Things

The first companies to master the Internet of Things will lock in significant advantages and be far ahead of competitors.
Martin Neil Baily | Brookings Institution

James Manyinka | McKinsey Global Institute

Businesses were buying tens of millions of computers every year, and Microsoft had just gone public, netting Bill Gates his first billion. And yet, in what came to be known as the productivity paradox, national statistics showed that not only was productivity growth not accelerating; it was actually slowing down. “You can see the computer […]

The Graying of the Emerging Economies

Will demographics crimp growth?
Martin Neil Baily | Brookings Institution

Jaana Remes | McKinsey Global Institute

Population aging is often cited as a major economic challenge for the developed world. But a new report from the McKinsey Global Institute (MGI) shows that shifting demographics pose an even greater threat to the growth prospects of many emerging economies. Over the last 50 years, the world’s 1.6% annual population growth fueled a surging […]