Asia & the Pacific

Robyn Klingler-Vidra and Juergen Braunstein explore whether it is enough to throw huge sums of money into the Venture Capital industry to boost innovation and entrepreneurship.

Early in Richard Rhodes’s new book, “Energy: A Human History,” we hear of a prominent citizen using colorful language to lament the state of his polluted city and urge his government to shut down industry or move it elsewhere: “If there be a resemblance of hell upon earth, it is in this volcano [on] a foggy day.” Though this could easily apply to modern-day Beijing, the speaker here is John Evelyn, a wealthy horticulturalist and one of the founders of the scientific Royal Society of London — and he’s complaining about London in 1659.

Like revolutions in the past the on-going AI revolution will produce winners and losers. The first industrial revolution in the 18th century changed the world of production and paved the way for Britain’s global leadership. Similarly, the current digital revolution is redefining the service sector and China’s role in the world.

"Biotechnology offers Africa a wider range of economic opportunities than the Green Revolution did. It is already being used to improve food production and establish or revive cotton production. Its economic impact is therefore likely to go well beyond the farm sector to include industrial development."

"The tools available to India in the 1960s are not sufficient to address the challenges that African agriculture now faces. These include a rapidly-growing population, productivity loss due to ecological disruption, environmental decay, droughts, climate change, and conflict. Biotechnology offers additional tools that can help Africa address some of these challenges. It is another moment that calls for the kind of political courage that led to the adoption of the Green Revolution."

"China’s ability to respond rapidly to requests for investment in new areas such as infrastructure has emboldened many African leaders who are under pressure to meet their electoral promises....Many of the transactions between China and Africa are kept confidential and little is known about their terms. Promoting greater transparency and mutual learning from those arrangements will help to improve the image of Chinese businesses in Africa."

"In response to long periods of neglect, African countries are starting to invest in new energy production facilities...."

African countries are increasing the allocation of funds to scientific research. But such investments will be wasted if they are used for basic research rather than product innovation.

"Development is crucial for human security, not only for those in poor countries but also for people throughout the world."