Events

Dipak C. Jain

Entrepreneurs and innovation in the New Economy

On 22 November 2011, the Rafael del Pino Foundation hosted the Master Conference "Entrepreneurship and Innovation in the New Economy", delivered by Dipak C. Jain, Dean of INSEAD.

Dipak C. Jain defined his vision of the 'new economy': "What I call the 'new economy' is based on social interactions. Power is under the control of the individual. The information-based economy has been with us for a long time. Today, that information is available to everyone. Users have access to it and can interact with it, creating a huge economic and social impact. This new economy can help to identify the causes of the various crises we are experiencing and also help to achieve greater personal commitment from those who can help to solve some of these crises.

Dipak C. Jain argued that power is shifting towards the individual: "We have seen how a single person can create a tsunami; we need to be aware of the existence of individual power, as opposed to power concentrated only in the hands of a minority. I am very optimistic about this new concept of economy, the new generations and the new wave of optimism that we need to support and nurture to make this world a better place for all, relying on social relations and interaction.

The Rafael del Pino Foundation is not responsible for the comments, opinions or statements made by the people who participate in its activities and which are expressed as a result of their inalienable right to freedom of expression and under their sole responsibility. The contents included in the summary of this conference are the result of the debates held at the meeting held for this purpose at the Foundation and are the responsibility of their authors.

The Rafael del Pino Foundation is not responsible for any comments, opinions or statements made by third parties. In this respect, the FRP is not obliged to monitor the views expressed by such third parties who participate in its activities and which are expressed as a result of their inalienable right to freedom of expression and under their own responsibility. The contents included in the summary of this conference are the result of the discussions that took place during the conference organised for this purpose at the Foundation and are the sole responsibility of its authors.