In geometry, three points define a plane. In journalism, three events establish a trend. In public policy, three strategy forums might not conclusively confirm a consensus – but a recent think-tank trifecta suggests that a dramatic change is taking shape in the policy community’s thinking about economic competitiveness.
Thrice in recent weeks, activist strategies to inspire innovation and growth have been the front-and-center topic in major policy conferences – suggesting that an energetic new Competitiveness Consensus, applicable to developing and developed countries alike, is emerging among economic thought-leaders.
Judging by the three forums, not just academic scholars, but policymakers and lawmakers, now seem eager to apply the lessons from a slew of analyses advocating industry-focused and productivity-driven growth strategies, taking pragmatic steps to invest in stronger competitiveness. In a global economy starved for growth and desperate for job creation, the focus on activist policies – including targeted interventions at the industry level – is relevant to countries large and small, developed and developing.