Innovation and economic crisis: Ezio Andreta at Trento’s Festival of Economics
According to the Director of the Research Department at the European Commission today we are facing three different dimensions in our overall development path.
- A “macro revolution”, characterized by a paradigm shift spanning from globalization patterns to Internet and digital tools that encourage us to get rid of traditional strategies and to free economic systems from time and space limitations.
- A “micro revolution”, focused on the new economy and is pushing everything and everybody toward a knowledge-based society that aims at advancing sustainable occupational growth, stronger social ties, better quality of life.
- A “nano revolution”, drastically changing our own lifestyle and
problem-solving approach, and suggesting a model where intangible assets become more important than material ones, while innovative services and high-value products are predominant.
The key-word to successfully managed this complexity, explained Ezio Andreta, is an innovation management intended as a radical push for change and based on personal accountability. A paradigm shift is also required in the overall governance structure, with minimal ‘red tape’ procedures and broader support for knowledge-based entrepreneurship.
On a practical level, concluded Ezio Andreta, probably “two generations will not suffice to implement such drastic changes”. Therefore, innovation will play an even greater role to accelerate this shift – given that it could provide a clear direction, consistent goals and the ability to make real our dreams. This no less than a cultural transformation where our linear thought will eventually give way to another “Copernican Revolution” based on a wider complexity and a responsive governance.