Tuesday, June 5, 2018

nobel phelps on ali baba way by ying lowrey

My book Mass Flourishing argues that surges in economic activity far more than is recognised on a change in attitudes which finally lead to the unleashing of entrepreneurs and in turn innovation. New or improved products result in the spread of more rewarding work and a sense of flourishing -of personal growth

Professor Lowrey's book, which describes and analyses the remarkable dynamism created by the Alibaba ecosystem, exemplifies my basic themes transported to China's modern age. Rather than the steam engine of the nineteenth century, Alibaba uses information technology to enable mass innovation to flourish. Thanks to this technology "growing by unleashing grassroots entrepreneurship " an be adapted by companies as a new strategy to win markets; it also can become a nation's strategy to improve the lives of its people

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