3FOOD

More documents

Recommendations

Info

Third Industrial Revolution Consulting Group profitable roles in the new digital global economy. Already a world leader in digital adoption, Luxembourg has a competitive advantage when it comes to the build out and scale up of a Third Industrial Revolution digital infrastructure. Not surprisingly, the objectives set out in the Luxembourg national strategy far exceed those set by the Digital Agenda for Europe. “The national plan aims for networks with ultra-highspeed rates, more precisely 1 Gbps for 100% of the population in 2020. 85% of the population may already be connected at rates of 30 Mbps or higher.” 286 This leads to the question how Luxembourg can scale and monetize this competitive advantage beyond its established core ICT business. On the other hand, we believe that shortcomings as recently listed in the EU Commission’s Country Report on Luxembourg 287 and also the World Economic Forum Networked Readiness Index 288 especially in targeted Public and Business R&D Investment (despite positive investments and reforms at the University of Luxembourg and LIST), suggest that the overall Business Environment is still lacking an Entrepreneurial Ecosystem (despite the introduction of new seed funding structures and the Fit4start program). Moreover, Luxembourg has relatively high regulatory barriers in the service sector (notably in business services and retail), is experiencing negative productivity growth, relatively high unit labor costs, below EU-average PISA students’ performance, especially in mathematics and science (not to mention the universal bottleneck in computer science education), risky reliance on diminishing tax revenues from a legacy financial sector, and relatively high youth unemployment. If properly addressed, these positives and negatives can spur a sense of urgency on the part of the Government of Luxembourg and other key stakeholders to act beyond previous initiatives and diversify Luxembourg’s economy towards a truly sustainable and scalable Third Industrial Revolution. To quickly advance the new economic paradigm, Luxembourg will need to draw upon its prior success in the ICT sector and begin a rapid build out of a digitalized Renewable Energy Internet and digitalized Mobility Internet alongside its already developed Communication Internet connected by an Internet of Things platform. Based on lessons learned from comparable second mover (in comparison to Silicon Valley) smart economy hubs such as Tel Aviv, Singapore, London, Barcelona and Zurich, we strongly believe that strength in only one aspect of a digital/smart economy (namely Luxembourg’s 286 See: https://ec.europa.eu/digital-single-market/en/country-information-luxembourg#summary-of-broadbanddevelopment-in-luxembourg 287 Commission Staff Working Group Document: Country Report Luxembourg 2016, European Commission, February 2016. 288 The Global Information Technology Report 2015: ICTs for Inclusive Growth, WEF, Cornell University, INSEAD, 2015. 324
Third Industrial Revolution Consulting Group outstanding digital infrastructure) is not sufficient to sustainably boost overall economic performance, tax revenue, and employment. What is needed is an interactive mix of institutions, skills, business ecosystems, regulation and infrastructure. For comparison, we point to the good “Smart Economy” performances across the board in Singapore 289 and Switzerland as shown in the WEF table 290 below. Both locations faced comparable legacy financial sector models and similarly challenging policy, investment, demographics, human capital and productivity challenges as Luxembourg but managed to find their respective sustainable niches in the global digital economy. 289 Compare Singapore’s focus on 3 Strategic Thrusts, Infocomm Media 2025 Report, Ministry for Communication ans Information Singapore, August 2015. 290 The Global Information Technology Report 2015: ICTs for Inclusive Growth, WEF, Cornell University, INSEAD, 2015. 325
Page 1 and 2:
THE TIR CONSULTING GROUP LLC THE 3
Page 3 and 4:
Third Industrial Revolution Consult
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
WEAK PUSH FROM POLICY AND REGULATIO
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Automotive sector Third Industrial
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
Page 235 and 236:
Page 237 and 238:
Page 239 and 240:
Page 241 and 242:
Page 243 and 244:
Page 245 and 246:
Page 247 and 248:
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Page 261 and 262:
Page 263 and 264:
Page 265 and 266:
Page 267 and 268:
Page 269 and 270:
Page 271 and 272:
Page 273 and 274: Capacity (GWp) Third Industrial Rev
Page 275 and 276: Third Industrial Revolution Consult
Page 323: Third Industrial Revolution Consult
Page 375 and 376:
Page 377 and 378:
Page 379 and 380:
Page 381 and 382:
Page 383 and 384:
Page 385 and 386:
Page 387 and 388:
Page 389 and 390:
Page 391 and 392:
Page 393 and 394:
Page 395 and 396:
Page 397 and 398:
Page 399 and 400:
Page 401 and 402:
Page 403 and 404:
Page 405 and 406:
Page 407 and 408:
Page 409 and 410:
Page 411 and 412:
Page 413 and 414:
Page 415 and 416:
Page 417 and 418:
Page 419 and 420:
Page 421 and 422:
Page 423 and 424:
Page 425 and 426:
Page 427 and 428:
Page 429 and 430:
Page 431 and 432:
Page 433 and 434:
Page 435 and 436:
Page 437 and 438:
Page 439 and 440:
Page 441 and 442:
Page 443 and 444:
Page 445 and 446:
Page 447 and 448:
Page 449 and 450:
Page 451 and 452:
Page 453 and 454:
Page 455 and 456:
Page 457 and 458:
Page 459 and 460:
Page 461 and 462:
Page 463 and 464:
Page 465 and 466:
Page 467 and 468:
Page 469 and 470:
Page 471 and 472:
Page 473 and 474:
Page 475:
show all

3FOOD

Create successful ePaper yourself

Delete template?

Save as template?