The competition between state-led capitalism and market-dominated capitalism is reaching a decisive stage. The state capitalists are growing faster, investing more, and following a clear strategy that is leading to a larger share of world output and income.
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Much of this changing geography of innovation and growth is the result of the emergence of the BICs—Brazil, India, and China
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China's unprecedented growth was widely expected yet extraordinary nonetheless. But its continued progress is contingent on resolving a number of policy, government and structural issues.
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Green growth initiatives, long measured in traditional output measures such as GDP, needs to be viewed in the context of broader human and environmental welfare and can achieve its greatest successes at the local, city-state level.
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Small technological breakthroughs will drive worldwide growth and innovation in the years to come. But for many countries, a complicated and tenuous relationship between government policy, private interest and corporate ethos
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