Roger Martin. Dean of the University of Toronto's Rotman School of Management,and Gord Nixon, President and CEO of the Royal Bank of Canada, outline a detailed strategy for Canadian competitiveness in our era of "transformational globalization."
In a 2005 Atlantic Monthly article titled ‘The World is Spiky', Richard Florida countered Mr. Friedman's flat world hypothesis by showing that economic activity in the world is incredibly spiky as is innovation activity, measured by patents. Mr. Florida showed convincingly that talented people agglomerate in a limited number of regions in the world where they work for innovative organizations that dominate their industries. ...As these industries get intensely spiky, a country is either a player or not; there is not an in-between. ... We think that Canadian policy is largely indifferent to, if not ignores, the transformation that is going on today. While things may turn out fine with a policy of indifference, we think that the likelihood of that is sufficiently low and the downsides so devastating for Canada that we will argue that Canada needs to take positive action now.
The full story in the Globe and Mail is here.
While this debate is taking place in Canada and elsewhere around the world, America's attention is drained away by Iraq and the so-called "war on terror". Major global transformations come together in rapid tipping points. The opportunity costs of lapsed attention can be great. We're not there yet, but the clock of history continues to tick away. Or as Paul Romer likes to say, "A crisis is a terrible thing to waste."