Moving to the Digital Economy

Rethinking education: The common complaint by all employers is that the current education system is not producing the graduates that can be used straight away in jobs.

WHEN Amazon.com last month bought the online pharmacy Pillpack for US$1bil, the stock market valuation of several large pharmacy retail chains fell by US$14bil. That is the power of clicks (online e-commerce companies) over bricks (and mortar) high street retailers.

The once powerful GE being taken off the Dow Jones market index is an indication how old style manufacturing and distribution companies are being marked down on a daily basis, whereas tech companies are valued in stratospheric terms.