From promising early trends to current challenges: what lies ahead for the Chinese economy
The warning : Let it be clarified, creating new jobs requires a job creation mindset, not a job seeker mindset. What is the difference and what are the root causes of the persistent economic problems of the free world? The growth of the SME sector is a unique performance achieved by job-creating entrepreneurial mindsets; Unless economic development is not an academic exercise but a top national priority, a quick test is needed on the “mindset-assumption” of any frontline economic development team.
The definitions : The mindsets of job seekers create organizations and the mindsets of job creators create those organizations in the first place. Job Creators are entrepreneurial and unique mindsets, so their participation is critical in frontline economic development teams that are 99% primarily jobseeker-minded, as visible on their LinkedIn profiles, economic teams of governments around the world.
The balanced state of mind: With extremely fragile economic performance in the free world, something needs to be fixed quickly. Unless a balance of mindsets achieves the current economic development tasks to create the desired goals, the results can still drag the economic goals. Likewise, note why such narratives on the mindset hypothesis are missing from all high-level discussions within ministries of trade, commerce, and finance in the majority of countries.
Economic growth is now mainly the growth of SMEs: No nation is excused for ignoring its local SME verticals. Globally, SME sectors, country by country, are the biggest job creators and the largest taxpayer base of any country. Big companies are big, but small companies are much bigger. Nevertheless, big companies are still allowed to dance to their own governments while in the same countries local SMEs are crushed by the same governments. With visible proof, no excuses needed. Therefore, the solutions require an entrepreneurial mindset to decipher the critical paths to success. Unless economic development teams can demonstrate a track record of entrepreneurship and SME ownership and creation, the persistent solitary academic approach to economic development based on crunching the numbers will not achieve the desired goals. A quick test of mindset balances is urgently needed.
Mandatory compliance with the four key factors for the growth of the SME sector
Principally, the founders of existing and new businesses are the true entrepreneurial risk takers, job creators and fertilisers of grassroots prosperity. Normally, these founders of small and medium-sized companies are excluded as out-of-the-box thinkers, dismissed as risk-takers, and not spotlighted as not significant enough contributors to the trails of photo-op.
Secondly, national groups and chambers of commerce are the umbrella where these founders come together to improve trade flows. Trade associations and chambers treat them as too small to pay what big companies pay in membership fees. Over the past few decades, the critical lack of digitization of every member on digital platforms to rebound on the global business stage is a mistake on a global scale. With the free showers of technologies, there now appears a serious digital divide based on the mental divide and the old persistent patterns. Spectacular uprisings and new thinking are essential.
Thirdly, national governments that collect founders’ taxes are policy makers to improve trades. It’s here that; national economic development on SMEs is often presented only lip service to how they serve on the silver platters of big business. Openly, the governments of many countries are trying to reduce their government personnel by offering large funds to start a business, but sorely fail to understand that entrepreneurship cannot overnight transfer thought with funds. Giving an airplane does not create a pilot. The passion for flight does it. Frontline government teams with brilliantly educated job seeker mindsets need to engage in authentically curated specialist entrepreneurial workshops, not university classrooms already in the hands of job seeker mindsets. Revolutionary change is afoot.
Will government departments shrink to 25%? The world is changing rapidly; unstoppable forces will compress and reduce governments. Like or dislike, accept or reject, the strength of speed and performance prevails. Intelligent AI technologies will eliminate up to 75% of government bureaucracies with fully digitized and highly agile super-connected 24x7x365 responsive organizations in years to come. Impending economic collapses and fake wars will only hasten the process.
Lately, for any business model, everywhere in the world, the customers are the “buyers” who only prove the validity of the existence of any small and medium enterprise. Small and medium business customers are extremely grateful and loyal to companies ONLY those that offer superior performance, superior goods and services.
This is why the SME is growing: Not by financing but by adding new customers. Therefore, it is the lifelong learning entrepreneurial challenges extracted from real business experiences, upskilling and reskilling to face local, national or global competitive forces to stand out. Therefore, without the spirit of job creation, economic development is a daydream. Discover a few dozen economic development programs around the world, observe the skills of frontline leaders, and notice their bewilderment at such stories. Job-creating mindsets must be added to balance economic development.
Observe, over the centuries, how disruptive economic behavioral trends have historically changed the world; how darkness ruled before the light bulb, today, how paper-hunting economies rule us with stagnation before digitization. Study how lack of productivity is now a norm before upgrading your skills. Adding the impact on losing economies shows how lack of exportability is now a norm before reskilling or advancing to a skill accepted as an impossibility before national mobilization of entrepreneurship. The world is changing and minds need to catch up. Study special workshops on these topics and Expothon on Google.
There are no wars; just wars of wits. As an inflationary crisis, fiscal imbalances and false economies are all man-made to fit a special agenda. Uncontrollable are the restless citizens, unstoppable may be the populism, while the five billion connected alpha dreamers are on the rise, as is the creeping intelligence of the world’s population to decipher the truth.
Capitalism does not fail us: It is economic development that is missing the boat. The profound silence on such debates is proof of this. Skill games are started. Airlines need trained and experienced pilots, but not frequent flyers in cockpits. Just check LinkedIn, as digitization has exposed the glaring weaknesses of governments in the free world.
Jpull on your own foot; now in vogue, as the geriatric-backed leadership of free-flowing triple-hedge five-star economies is currently dancing in slow motion. Already the world is on the brink of a nuclear strike; everything is fair game; so long, the word MONEY is unspoken. Discussion of budgets and economic development becoming taboo, seek and destroy doctrine slowly destroying one’s own nations.
Well said Bill; “The whole world is a stage, and all men and women are but actors; they have their exits and their entrances; and a man in his time plays several roles”. Therefore, do we simply need a clown to run a government; as it is only a stage, another variation of the metaverse? Where do the citizens wander like spectators, hypnotized, hypnotized and categorized, waiting for the curtain to rise and fall? The reality show of some 35 major elections among important nations of the world, which will take place in 2022, will tell a different story.
Why an urgent need? As a major national agenda, economic development in the free world needs to be revitalized, balanced mentalities and digitized to lead the national mobilization of entrepreneurship. Jobs and economic growth are now in the hands of SME sectors around the world. Learn fast, fail fast, recover fast, do it entrepreneurially.
The rest is easy.