MIT Sloan Management Review

The new issue of Science magazine features an editorial by MIT President Susan Hockfield titled “The Next Innovation Revolution.”

The longer the United States, other industrialized nations and the developing world head down different policy tracks on global warming, the harder it will be to achieve the coordination necessary for effective action.

Japan’s economy has been in the doldrums for so long that many Japanese seem to have adopted a resigned attitude ofSho ga nai (“That’s life”) toward it. But Japan, of course, can become competitive again, provided its political and corporate leaders take on four difficult but essential tasks.T

Few businesses do a good job of integrating government relations with business strategy.

It is possible to protect citizens with a progressive structure of defined benefits and still maintain low, stable taxes.

Innovation has become the defining challenge for global competitiveness. The authors show the degree to which location matters for successful innovation at the global technology frontier. Such locational advantages help to explain an apparent paradox of globalization: Ideas and technologies that can be accessed at a distance cannot serve as a foundation for competitive advantage.