Call for the Bretton Woods of the Knowledge Economy
is a relevant metaphor of the Trapeze Parable discovered years ago in Venezuela, but it was originally published in Spain - http://www.entovation.com/gkp/trapeze.htm.
Essentially, we are suspended amidst the current global meltdown…and we need to
move swiftly, but decisively, toward defining the new conditions and apparatus
for the Knowledge Economy…but how?!
are some of the thoughts and what we have been tracking...
- in the form of intellectual capital - is the new currency of the
Knowledge Economy. Innovation is how knowledge created wealth. We've reached
the law of diminishing returns on Competitive Strategy…and entered the era
of Collaborative Advantage.
1987, we published the findings of a National Roundtable – “Managing
Knowledge Assets into the 21st Century” and first wrote about
‘intellectual capital. This was the same time E100 Karl-Erik Sveiby (then
from Sweden and now living in Finland) wrote The Know-How Company
and Hiroyuki Itami (a student of E100 Ikujiru Nonaka in Japan) published Invisible Assets. See the ENTOVATION Timeline.
1997 a research report entitled, Creating the
Knowledge-based Business, co-authored with E100 Dr. David Skyrme
(UK) was published by Business Intelligence. Note: there was an entire
chapter dedicated to Performance Measurement.
E100 - those featured on the Global Knowledge
Leadership Map – now 165 across 65 nations - have been interviewed and
their collective vision was articulated in 1999 - "A new
economic world order based upon the flow of knowledge, innovation systems,
stakeholder innovation and collaborative advantage."
1998-99, The World Bank issued its World
Development Report – Knowledge for Development - intended to convert
the Bank into a world knowledge bank.
Brookings Institute released its report on Intangibles
by E100 Baruch Lev (USA).
an E100 international ENTOVATION
Roundtable in Finland (2003), we called for The Bretton Woods of
the Knowledge Economy. Note, in particular, the Morgenthau quote
from Bretton Woods in 1944. Also note the reference to the
‘Declaration of Interdependence’ which became the ‘KIZ Declaration’.
2003, I published The
Innovation SuperHighway with a full chapter dedicated to
“Knowledge Economics”. The 16th chapter is “Blueprint for 21st
Century Innovation; and the 17th and final chapter is entitled ‘Creating
the World Trade of Ideas.’ It leads with the kaleidoscope quote of
13th, 2006, the cover story in BusinessWeek is ‘Unmasking
the Economy’ - an article by Michael Mandel, with Steve Hamm and
Christopher J. Farrell.
2006, we completed an analysis of new external performance indicators (see
attached) and published an article in IC Magazine - “The
Triple Knowledge Lens” (i.e., Knowledge-based ECONOMY, Knowledge-based
SOCIETY, and Knowledge-based INFRASTRUCTURE) – beyond sustainability
Economics is an integral part of our Architecture (see graphics attached).
- A year
ago, I delivered a course on
Knowledge Economics for the Arabian Knowledge Economy Association
(AKEA) for countries across the Middle East - All was put into perspective
with notable economists: Joseph Alois Schumpeter, Karl Polyani, Fritz
Machlup, and more recently Tom Friedman.
in January, 2008, an Advisory Board chaired by Carl Shramm, CEO of The
Kauffman Foundation, used a report on Innovation
Measurement to the US Department of Commerce.
January 2008, we premiered the P7
KIZ Blueprint for the Confederation of Indian Industry (CII) in Bangalore. For the 1st time, we have a methodology to integrate performance measures into
the innovation strategy for a company, region, country or even a virtual
community: Purpose, Principles, Process, Performance, Policies, Practices
and Prosperity (through ongoing stakeholder innovation).
March 2008, the Institute if Certified Financial Accountants of India
(ICFAI) produced an entire issue of Effective
Executive dedicated to "Collaborative
Advantage" which included my own article, “Collaborating for
June 2008, the Institute if Certified Financial Accountants of India
(ICFAI) published my article – “The
Knowledge Innovation Kaleidoscope” – in an issue of Effective Executive. The article
outlines the 15 capital drivers of intellectual capital and detailed
description of the KIZ P7 Blueprint.
September 11, 2008, Michael Mandel, Chief Economist for BusinessWeek,
issued a video and article on “Innovation
Economics”. This is basically the same as we articulate in Knowledge
November 26th, Sami Mahroum published a ‘viewpoint’ in
Science-Business Bulletin on The crisis-torn global economy needs a World
Knowledge Fund to revive it.”
January 6th, 2009, Dr. Henry Kissinger – in speaking of
US-China Relations – acknowledged, “Today, we have ‘a common opportunity’
to build a stable new world order because the international
economic system has to be rebuilt." Note his vision is closely
aligned with the E100 vision of 1999!!!
and subsequent Conference
and article – Time for a Bretton Woods of the Innovation Economy - appear
in Science-Business, a media firm operating out of Brussels dedicated to the European community. They included a Declaration.
invited me to offer my Viewpoint.
My conclusion was three-fold which leads us to our New York December
to New York City (4-5 December 2009)…together!
© ENTOVATION International Ltd. Compiled as a DRAFT listing as a catalyst for discussion.