Now, people must master the technology infrastructure. Countries like Singapore, Hong Kong, Korea and Taiwan have benefited very much from the enormous size of their investments in this critical area. This type of investment in technology is important not only for the rich but also for those who are relatively poor. Finally, successful countries are usually those that establish social legislation that is predictable, stable and takes into account business considerations, although it does not necessarily have to be completely pro-business. The first issue for both is that they have become very expensive places to do business.
Enterprises now spend all their energy trying to become more resilient, flexible and adaptive.
This makes a significant difference. In Germany, financial institutions own shares in major industrial and service firms, and these shares are not traded often. Korea, Japan and other countries seem to have developed rather similar systems. This is the subject of a huge debate. For years we liked the German and Japanese systems because they ensured long-term stability in the ownership of enterprises.