Panel 2

 

 

Panel Discussion

 

Panel 2

Date: October 10, 2019

Time: 11 am – 12 pm

Venue: Universiti Teknologi Malaysia Kuala Lumpur

Technology and Innovation – Accelerating Development Sophistication of Business model (Value Creation).

Even successful emerging economies face the middle-income trap. The focus on factor and volume driven business models is being justified by reduction of poverty and a general rise in welfare. However, there is a natural upper limit, a ceiling for welfare based on such structures.

Entrepreneurs, particularly technology driven entrepreneurs, are a key ingredient to break through that ceiling: their sophisticated business models create the demand for a new skill set, thus putting pressure on policymaking and education to provide the framework in which an innovation driven economy can and will develop. Innovative entrepreneurship is the ferment to change the economy in escaping the middle-income trap.