This podcast discusses the importance of looking beyond traditional metrics and embracing a wider perspective to identify emerging opportunities in the global economy. It builds on an article by Global Strategist, Sophie Krantz, which can be read here.
Many business leaders rely on outdated metrics that fail to capture the dynamic and decentralised nature of modern innovation, especially in developing countries. Tools like the Observatory of Economic Complexity (OEC) and Harvard’s Economic Complexity Index (ECI) primarily focus on traditional indicators like export diversity and sophistication. While these are valuable, they often overlook the ingenuity emerging from informal ecosystems, grassroots initiatives, and digital platforms.
The podcast highlights case studies of organisations like M-KOPA, SELCO, and Sistema.bio that are successfully addressing challenges in emerging markets by leveraging technology and local knowledge. These examples demonstrate that significant opportunities exist beyond traditional markets and industries. These organisations highlight the importance of robust communication infrastructure for scaling and replicating innovative solutions across regions.
Advancements in communication infrastructure, such as the increasing reach of mobile networks and the rise of satellite communication technologies, are transforming global connectivity and decentralising opportunities for growth. The Connectivity Atlas visually demonstrates how networks are uniting us beyond political borders. Proliferated satellite constellations, as being deployed by SpaceX and Amazon, are providing internet access to remote areas, further democratising access to opportunity.
The podcast encourages leaders to adopt an expanded worldview by incorporating emerging metrics like digital economy contributions, social innovation, and network effects into their strategic thinking. By questioning outdated constructs and embracing a wider perspective, businesses can uncover hidden opportunities and unlock the full potential of the global economy. It is crucial to look beyond the immediately visible and consider the broader context to identify emerging trends and seize new opportunities.
There is more to the world than what we see.
When you change the way you see the world, you change the way you can shape it.
*Season one of The Global Edge podcast with Sophie Krantz is AI generated. Season two, launching early in 2025, will be hosted by Sophie Krantz.
