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With expertise spanning academia and the business world, Erixon and Weigel illustrate how innovation is being hampered by existing government regulations and corporate practices. Capitalism, they argue, has lost its mojo. Assessing the experiences of global companies, including Nokia, Uber, IBM, and Apple, the authors explore three key themes: declining economic dynamism in Western economies; growing corporate reluctance to contest markets and innovate; and excessive regulation limiting the diffusion of innovation. At a time of low growth, high unemployment, and increasing income inequality, innovation-led growth is more necessary than ever. This book unequivocally details the obstacles hindering our future prosperity.
Fredrik Erixon is the director and cofounder of the European Centre for International Political Economy (ECIPE), an international economics think tank based in Brussels. Björn Weigel is a business strategist and investor/entrepreneur with extensive experience in working with innovative companies and start-ups. He began his career as a management consultant for Booz Allen Hamilton. They both live in Sweden.
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