Whenever I hear reference to a Smart Economy my inclination is always to think that we already have one (how can you not have one when we have all the necessary institutions and infrastructure-maybe with some room for improvement- in place).
I think what this is really about is Smart Governance and Smart Public Service. I think the weakness is in making sure that opportunities for economic development are understood and appreciated early by state institutions and helped through the system by a streamlined process. As someone who has spent most of my working career in industry (as an engineer) it seems to me that we have frequently not been good at recognising, encouraging and converting opportunities for sustainable economic development. My experience is that the reason for this relates to a lack of appreciation for the value of honest economic endeavour and too much interest in the “appearance of progress”, “self praise” and self-interest.
I think the problem (innovation effectiveness) is a process one! If we did a “lean manufacturing” type analysis of the process in this country, then I’m sure that we could improve it’s effectiveness. Why is it that “process efficiency” only applies to industry?
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