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03 · Innovation and Industrial Transformation

The Great Convergence

Richard Baldwin

Katalyx INTERPRETATIONFOUNDATIONAL

THE Katalyx PERSPECTIVE

Baldwin shows that globalization changes form when the cost of moving ideas falls. Competitive advantage increasingly resides in orchestrating distributed capabilities.

If this author were designing a national economy instead, what would they do?

Katalyx APPLICATION

Map value chains task by task, locating where knowledge, control, data and margins accumulate.

Katalyx RATING

Strategic Thinking
Systems Thinking
Practical Application
Long-Term Relevance
Clarity

ONE PROVOCATIVE QUESTION

In a world of mobile know-how, which capabilities must remain locally rooted?

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