1. Describe and analyze at length using the paper distributed
   1. MEGATRENDS 2020 - 2050
   2. INNOVATION AND GROWTH - rationale for an innovation strategy "Global Recessions",

Note:

• The MegaTrends power points talks about (1) Shifting Economic Power, (2) Resource Scarcity, (3) Technological Breakthrough, (4) Social Change, and (5) Rapid Urbanization

The Innovation and Growth Paper suggest thatGovernment policies can support innovation by continually reforming and updating the regulatory and institutional framework within which innovative activity takes place. In this context, reforms are needed to make public policy and regulatory framework more conducive to innovation in a range of policy areas from the general business environment especially in the services, particularly in thenetwork industries to international trade and international investment, financial markets, labour markets, and education.