Regardless
of public sector vs. private sector ideology or mindset, the practical reality
of the global economy is that “capital almost always seeks viable global destinations
which are safe and secure as well as providing assured returns and a definitive
exit”. Current
global economic trends, as below, are showing clear signs that “history often
repeats itself” and the present is a very good indicator of what may lie ahead
in the future. In essence, market fundamentals, economic & business
fundamentals, and business-revenue models cannot be meddled with otherwise
unintended consequences are a definitive resultant.
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| Source: Pat V. Sonti, Mentor & Author |
Key
driver for any economy (developed, emerging, or developing) is; research,
design and development of products and/or services is paramount and total integration,
inclusiveness and directly coupling with concepts/ideas, innovation and
invention is vital. End-of-the-day, “necessity is the mother of invention”. All
else is part of a natural sustainable economic life cycle of which proper
balance is fully dependent on “cause and effect” which is continually renewed
and regenerated as a function of time.Stakeholders
at various levels of Government-Industry-Academia must understand, appreciate, and
implement effective unbiased policies to address the systemic challenges which
are currently eroding the “global economic value chain”. End goal must always focus
on the “common good”.
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