Asia needs to focus on productivity to lead global growth
It should devise policies for the fair sharing of technology-driven gains and make Keynes’ call come true.
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It should devise policies for the fair sharing of technology-driven gains and make Keynes’ call come true.
And grandkids. so that's why the economic capacity is the thing that i will be working with, my colleagues very much looking to the treasury over the coming months as the net zero, notjust net zero, sorry, the levelling up strategy comes forth. because without that, ultimately, without an economic strategy, we are not going to significantly improve things beyond what new labour did. so the economics is the key to this and the way we do that better is a whole mixture of the things that we all know works. it is infrastructure, which we have committed to, it is r&d spending and notjust putting it...
Together. goes bankrupt. then seemen's buys it after bankruptcy. the way the article is written, everything's fine because that's what people who ran the company said. reality is bain cut research and development spending from about 10% to about 6% at this medical device company. that's why it went bankrupt. the debt and lack of r&d spending. after bankruptcy they pumped up r&d spending and the company recovered. my issue is that a lot of bain-owned companies made cuts simply to pay the debt so they could take money out quickly. and then the companies collapsed. it didn't help the business. it...
Profits pretty good, at least in terms of medium and larger businesses, and yet, they won't hire. i mean, is it kind of a psychological thing where they feel confident enough or uncertain? i mean, what's the deal? >> no. i think right now you have hit on the one very bullish part of the economy. and that is the corporate sector. we're heading into a new quarter getting quarterly earnings and probably will be a better than expected. and the reason is because corporations have cut to the bone. they have cut employees, cut r&d spending, anything they can. cut all the fat out an talking about enor...