Monday, 15 November 2010

The 'Three Cs' for economic survival

The future may be (relatively) bright

Gerard Lines is Chief Economist for Standard Chartered Bank. plc, so presumably he casts a mean rune.

He was casting one at 0615 this morning on the radio, for the benefit of sad insomniacs, about his report published today on the big picture that he prognosticates for the world economy. For example:

We are in an economic 'super-cycle', he says. Never mind the present problems of the Western economies, these are occurring within a context of massive growth in the world economy as a whole. So, if the developed economies play their cards right, they should do OK too.

Then you can amuse yourself by relating this to the circumstances in which you yourself will be living and working over the foreseeable future, and to the foreseeable future of Conductive Education.

Three Cs

Believe me, what he says is all rather cheering. It give one hope because it puts destiny back in one's own hands (sound familiar?). All that is needed to benefit are cash, commodities and/or creativity.

Take the UK, for example. It certainly has no cash. It has no commodities worth speaking of. But it does potentially have creativity, and there its future economic salvation should lie.

Take Conductive Education (please), that is the loose bundle of individuals, activities and institutions through which it is largely manifest. What does CE have of the 'three Cs' to enable it to thrive and expand in this new global world?
  • cash (certainly none of that)
  • commodities (not a lot – unless you include conductors here though, if you do, you have to ask whether most of them have the basis for successful 'export' to emerging countries)
  • creativity (there is enormous potential wealth here, as long as institutional arrangements emerge to stimulate such creativity rather than stifle it.
Immediately relevant

Gerard Lines' analysis is immediately relevant to consideration of two items posted coincidentally on Conductive World over the last twenty-four hours:

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