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12 May 2012


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Hi Brian, the BERD trends are more complex than they appear, the contribution to BERD growth (or limited decline) doesn't come as you might expect from hi-tech sectors as might be expected.

We are finishing a piece of work on this and I'll happy share it with you in a month or so.

Alasdair Reid

Ian Jenkins

Inadequate knowledge exchange systems in economics are partly the fault of universities.

This is a pity. The economic framework we operate within is widely regarded as globally unsustainable - our number one threat?

We are said to be living through a 'pivot' point in world history. Here's a lecture last week at Chatham House by the president of the Eurasia Group - Ian Bremmer is not alone in talking of the 'creative destruction' [Schumpeter's copyright?] of the geopolitical order. http://www.chathamhouse.org/events/view/182578

Incidentally, Bremmer tells us the Canadian foreign minister's first trip abroad a few months ago was to Beijing, not Washington. Because China is becoming a major trading partner of Canada and, the minister said, the US and Europe were in inexorable decline. Countries will have to choose whether they want unsustainable economic prosperity from alliance with China, or unsustainable security from a US led system. A big challenge for the US too, he says, is effective education.

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