Whitehall is overly bureaucratic and lacks the initiatives to help wealth-creators grow the economy, according to UK entrepreneurs.
Dr Edward de Bono took time out during his visit to Malta this week to give a talk on Tuesday to the students and staff of STC Training in Pembroke. The lecture, entitled ‘Creative Thinking in Education’, was timed to mark the closing months of the European Year of Creativity and Innovation 2009, for which Dr de Bono is an official EU ambassador, and to highlight STC’s entry into the teaching of creative thinking.
In her recent visit to the Royal Society, Queen Elisabeth asked of economists: why werent they able to detect the impending financial debacle and issue a warning? Her question echoes the publics bewilderment. It has become clear that obsessed with modeling and quantitative analysis, some critical link is yet missing from mainstream economics, for whether they were with banks, funds, research institutions or government agencies, few if any models raised red flags until the financial tsunami had hit the shore.
Saving Globalization: Why Globalization and Democracy Offer the Best Hope for Progress, Peace and Development
Globalization is not new, nor is it a policy, it’s a process that has existed as long as man looked over the horizon, travelled and traded. It can’t be stopped but it can be slowed. It came to a grinding halt in August 1914 and the Marxist detour cost millions of lives and lost three generations their opportunity and hope in many countries. More wealth has been created in the past 60 years than in all of history. After the most successful decade of sustained economic growth in history, this progress is threatened.
Did you hear? The recession is over! Or at least it will be in the foreseeable future! And several of our leading economic sages have said so, so that makes it true. Or does it? Not when there's a prominent naysayer like Joseph Stiglitz. The Nobel-winning economist, a former head of the World Bank and now a professor at Columbia University, has a blunt -- if characteristically bearish -- warning of more economic turbulence ahead.