The collaborative economy is not just a fad

Last week’s B20 meeting and a Deloitte report illustrate how the global economy is changing. For businesses, technological investment is a matter of survival.

“The company I started with is fundamentally different to the company I work for now,” said John Rice, the Vice Chairman of GE, at the B20 conference in Sydney last week.

Rice’s description of GE’s evolution since he started with the company in 1978 -- that today’s business is far more global and focused on sustainable development -- illustrates the changes happening in the world’s economy.

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