Thursday, September 27, 2007

Empires of the Mind

Winston Churchill once observed that “The empires of the future will be the empires of the mind.” I have been suggesting that we are already well into a new era in which traditional concerns over the balance of power are being supplemented by anxieties over the balance of brains.

Due to the growing knowledge-intensive and people-intensive nature of economic activity, the war for talent is heating up. As the battle for brainpower goes global, its repercussions will undoubtedly impact the balance of power between companies, workers, and governments as well as the nature of future market equilibriums. Read more on "global mindset" especially with regard to the Pacific Rim economies.

In the "empires of the future", the Culture Dividend will play a large role.

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