From the course: Navigating the Demographic, Economic, and Geopolitical Landscape as a Leader
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Innovation and technology
From the course: Navigating the Demographic, Economic, and Geopolitical Landscape as a Leader
Innovation and technology
- The end of the post World War II trade and monetary regime, and the marriage of convenience between China and the United States came hand in hand with a large scale and far reaching digital revolution. People's lives have been transformed by such popular technologies as the internet, smartphones, and platform ecosystems. Every part of the economy has been disrupted from agriculture and manufacturing to finance, education, and entertainment. While in the US and in China, the 10 largest companies by market capitalization are all technology firms. In Europe, the same old corporate players continue to dominate the economy. One sign that the old continent is seriously behind in spite of enjoying some of the highest standards and qualities of living in the world. The average year of founding of the seven largest technology companies in the US, the magnificent seven is 1991. By contrast, the average age for the comparable European companies with the largest market cap is 1890, and only one…