But, to be fully effective in realizing the gains from technological advance will require a considerable amount of human investment on the part of managers and workers who have to implement new processes and who must be prepared to adapt, over their lifetimes, to the ongoing change that innovations bring. Clearly our educational institutions will continue to play an important role in preparing workers.
During the recent crisis many countries reformed their economies, and these reforms have contributed to the current upswing, but will also bear fruit in future.